Get started

Eurusdlong

EURUSD: The Euro edged higher ahead of the eurozone CPIIn Europe, EUR/USD traded 0.1% higher at 1.0813, ahead of the release of eurozone CPI figures for February, which are expected to show another reflation in the region . Data released on Thursday showed consumer prices fell slower than expected in France but faster than expected in Germany. Economists are expecting annual growth of 2.5% in February, down from 2.8% in January. ING added: “A deviation from expectations could cause short-term fluctuations in eurozone and eurozone rates, but would not really have a major impact on the story told by Christine Lagarde and the Council The governor will repeat it next week.” The European Central Bank meets next week and while no policy changes are expected, the bank could hint at an interest rate cut later this year.
Long
by Chart_MasterPro
EURUSD LONGEUR/USD found support near 1.0800 (psychological level, Fibonacci 23.6% retracement of the latest downtrend) but is yet to clear the 200-period Simple Moving Average (SMA) on the 4-hour chart, currently located at around 1.0820. Meanwhile, the Relative Strength Index (RSI) indicator stays slightly below 50, highlighting a lack of recovery momentum.If EUR/USD manages to stabilize above 1.0820 and starts using that level as support, 1.0860 (broken ascending trend line) could be seen as next resistance before 1.0900-1.0910 (psychological level, Fibonacci 50% retracement).On the downside, a 4-hour close below 1.0800 could attract technical sellers and open the door for an extended slide toward 1.0760 (static level) and 1.0720 (static level). 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
Long
by Mark804
EUR/USD Longs from 1.08200 or 1.07800 back upMy idea for EU at the moment is for it to push higher in order to take out the trendline liquidity that sits above. I expect price to do a similar move to GU in which I expect a bit more upside left to validate this newly marked out 4 hourly demand. Then I anticipate a pullback within this demand to take out liquidity above and tap into the 12hr supply zone that I have marked out above. From there I will be expecting bullish pressure to die down and form a wyckoff distribution. Once I see my edge appear on the lower time frame I will execute sells back down to continue the overall trend. Confluences for Buys are as follows: - Price has left lots of liquidity to the upside that needs to be taken I.e. like trend lines. - Supply zone above that needs to be mitigated so still more upside left. - A 4-hour demand zone has emerged, from which we could witness a bullish response. - price has changed character and broke structure to the upside before as well. P.S. This is only a temporary trend notion until a new supply zone materialises for me to consider selling price back down. However, selling opportunities don't appear optimal due to the significant liquidity around the current price. Have a great trading week! NFP on Friday I advise to preserve capital and stay away that day.
Long
by Hassan_fx
1
EURUSD down long Today’s release did little to shift interest rate expectations. Markets continue to forecast around 90 basis points of cuts this year – three or four 25bp cuts – with the June 6th meeting seen as the most likely starting point. A cut at this meeting would mean the ECB being the first major central bank to cut rates, leaving the Euro at risk of falling further. The daily EUR/USD chart shows the pair testing 1.0800 again, with the pair flashing a short-term negative signal as it opens and trades back below the 200-day simple moving average. A break below 1.0800 leaves prior support around 1.0787 vulnerable, along with the last simple moving average at 1.0788. Below here the February 14th multi-month low print at 1.0695 the next target. If the pair can reclaim the 200-dsma at 1.0828, then the 1.0866/1.0870 area comes back into play. Retail trader data shows 54.99% of traders are net-long with the ratio of traders long to short at 1.22 to 1.The number of traders net-long is 10.29% higher than yesterday and 7.10% higher than last week, while the number of traders net-short is 13.68% lower than yesterday and 6.70% lower than last week. EUR/USD Weekly Forecast: Euro gains for second straight week as traders reassess Fed, ECB rate cut bets confirm signal
Long
by JohnHarry_7
Major Events in Euro Area and US on Friday Major Events in Euro Area and US on Friday Friday is a significant day with Euro Area Consumer Price Index (CPI) and US Personal Consumption Expenditures (PCE) data on the radar. Euro Area inflation likely eased to 2.5% in February, and the official report is expected on Friday after a rush of local economic data from the Euro Area. The European Central Bank (ECB) is grappling with the challenge of bringing core inflation down from 3% to 2%. While the market previously anticipated rate cuts to begin in April, the ECB, emphasizing data reliance, has prompted market adjustments, pushing the expected first rate cut to June. In the US, the focus this week is on the PCE data. The day before, we do get Q4 GDP second estimate. But unless it is adjusted significantly, this will likely not have an impact. Anticipating comparable rate cut trajectories in both economies, the dollar could potentially make up recent losses against the euro, particularly if January's PCE data exceeds estimates, thanks to its superior interest rate differential. Thursday witnessed a surge that touched the 50-day simple moving average (SMA) before a subsequent retreat. Looking at the short term, technical indicators on the 4-hour chart hint at a potential upward bias. EUR/USD is presently trading above all its moving averages, and the 20 SMA appears poised to surpass the mildly bearish 200 SMA.
by BlackBull_Markets
Long 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. The Euro's recent move higher against the US dollar has stalled today with further progress being kept in check by the 200-day simple moving average. While this technical indicator was broken yesterday, the pair closed below the longer-dated moving average. A confirmed break higher – a close and open above the 200-dsma – would see the 50-dsma and a cluster of recent highs on either side of 1.0900 come into focus. Support is seen at 1.0787 down to 1.0760 Confirm long
Long
by JohnHarry_7
EURUSD My Opinion! SELL! My dear subscribers, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0847 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.0792 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EUR/USD Longs from 1.07800 back up to 2hr supply or above.This week's bias for EU resembles GU's, but I wouldn't be surprised if EU rises slightly to clear the 2-hour refined supply before dropping to remove the trendline liquidity below. Nevertheless, I anticipate price to eliminate the trendline liquidity and fill the small imbalance just above the demand zone. During this process, I expect price action to slow down after consuming a significant amount of liquidity, signalling a potential Wyckoff accumulation phase. It's worth noting the presence of an Asian low beneath the demand, which warrants caution. However, I want to emphasize that this is a counter-trend notion, and my overall sentiment for EU remains bearish. Confluences for EU Buys are as follows: - Price broke structure to the upside and left a clean 10hr demand zone. - Still some imbalance that still hasn't been filled as well above my demand POI. - Market also broke major structure to the upside could indicate a bullish trend. - there's some liquidity above the recent high that needs to be taken as well. - Triple touch trendline liquidity that needs to be swept. - for price to go down it must mitigate a supply higher up like that 12hr. P.S. Ideally, I'm looking for another rally to trigger price action to clear out the significant pool of liquidity located just below the 12-hour demand zone at the top of the chart. However, I anticipate price to establish a new supply once it descends to take out the trendline. This would allow me to wait for a mid-week pullback to sell down towards the demand. Have a great trading week and lets catch these PIPS!
Long
by Hassan_fx
4
EURUSD SELL THEN BUY ??Head and shoulder on keylevel + rejection on supply zone + break of trendline the market is likely going to drop DXY also wants to go up after the drop it is possible that the price will go up again if we see a reaction on the highlighted zone on a higher time frame the martket formed a double bottom and broke neckline if the bearish scenario occurs the drop will turn the double bottom into an inverse hs which can push eur usd up alot of economic events coming next week trade safe !!
Long
by xAB777
8
Eur/Usd Friday Today we can observe the end of the week. Price action was uncertain this during London session. At NY open 1hr candle we recieved a candle closure above the consolidation from London session. This suggests a breakout to the upside as we mirror clean traffic candles to the left and head towards 1.08534. If not, then it is friday and the weekly candle may pull back down into the range to end the week. At that we would be heading back towards 1.0805 with the next 4hr candle.
Short
by ShrewdCatfx
1