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Eurusdlongsetup

EURUSD: Economic influence!According to The Guardian on June 8, gross domestic product (GDP) across the eurozone fell 0.1% in the first quarter of this year, worse than the previous forecast that the eurozone economy just stalled. Specifically, Eurozone GDP shrank by 0.1% in the fourth quarter of 2022, meaning that the eurozone economy shrank for two consecutive quarters. The definition of a recession is an economic contraction for two consecutive quarters. The GDP of the Eurozone fell due to being dragged down by Ireland. Ireland's GDP fell 4.6% in the first quarter of this year, although economists have questioned whether that really reflects the performance of the Irish economy. The Lithuanian economy shrank 2.1%, while the Dutch economy shrank 0.7%. Germany, Europe's largest economy, shrank 0.3% and also fell into recession. The European economy has been hit by economic disruptions amid the conflict in Ukraine, which has sent energy and food prices soaring. This situation has led to a series of rate hikes, as the European Central Bank (ECB) seeks to combat higher inflation. Diego Iscaro, Head of European Economics at S&P Global Market Intelligence, forecasts that as the impact of higher interest rates has yet to be fully felt, economic activity in the eurozone will be sluggish throughout. remainder of 2023.
Short
by Sphyn-Trader
Bullish on EURUSDCurrently EUR/USD is having a slight retracement after all that buying pressure. A strong supply level has turned into a demand level showing bullish signs... I am waiting for a retest into this demand zone and strong bullish price action/MA cross in order to enter. Additional confluence will be this trendline break. I have my TP at the last strong supply zone. My SL will be below the last higher low with an additional 20 or so pips for some breathing room! Let me know what you think! Trade safe and manage risk!
Long
by USBullsBears
EURUSD: Meetings of leaders?Last week, the US Federal Reserve led a meeting with senior central banks to discuss monetary policy. As expected, they decided to pause their year-long cycle of interest rate hikes in order to assess its impact on inflation and the country's economic outlook. The Fed also indicated that there might be a rate hike in the near future, considering that consumer prices are still more than double their target of 2%. However, they emphasized the importance of upcoming economic data to justify these potential moves. This week, the focus will be on economic data related to the US housing market, first-time jobless claims, and the current account. Additionally, there will be two days of national hearings where Powell will address both houses of Congress.
Long
by Sphyn-Trader
4
Is EUR/USD gearing up for a bullish move to 1.11?Dear traders, for the last 2 weeks, EUR/USD is forming a base in the 1.0650 level. We have seen a long consolidation at this zone and now, price is slowly moving to the upside. 1.0780 is the first challenge for the bulls . If this key level is broken by the EUR/USD bulls, expect a strong rally to 1.09 and 1.11 eventually as the path of least resistance is to the upside. I recommend traders to look to long entries around 1.07 -1.0650 level with SL below the support zone at TPs at 1.09, 1.11 respectively.
by YourLazyTrader
24
EUR/USD breaks resistance, 1.0972 next?Dear traders, EUR/USD has finally broken through the 1.0780 resistance level that I have been talking about in my previous ideas. Also note that price has broken and settled above the dynamic resistance in the 4Hour chart . So, the confluence of these two factors give us a bullish bias in EURUSD. That being said, we have US CPI data in a few hours which might lead to volatility in EUR/USD . So, I do not recommend any fresh positions in EUR/USD. However, if price does fall below 1.07 again, I would consider that a buying opportunity as long as the support stays intact with my initial target at 1.0972.
by YourLazyTrader
26
CUP AND HANDLE ( EURUSD) POSSIBLE BULLISH MOVEMENT (UPDATE)The target of this pattern is measured by the depth of the cup , by measuring we see that price might continue on this bullish run to 1.11690 which also happens to be an important resistance from which the markets made a rally to the downside back in 31 march 22. Fundamentals are also on the EURO side as Europe exchange rates were higher after the European Central Bank (ECB) raised interest rates by 25 basis points and gave no indication it was considering an end to the interest rate hiking cycle. one should look for possible retracements during the bullish rally to join bulls . MAY THE MARKETS BE WITH YOU
Long
by KILLCAD
EURUSD: Things you need to know!Fundamental analysis: The support and resistance zones are effectively fulfilling their role, as usual, by eliciting a response above the gold price line. The RSI indicator indicates that liquidity is slowly accumulating, which suggests a potential reversion to a downtrend. Market overview: The EUR/USD rose again, posting its highest daily close in a month above 1.0800, despite the US Dollar's recovery triggered by the hawkish hold from the FOMC. Attention now turns to the European Central Bank (ECB) meeting and upcoming US data, which could become more relevant given Fed Chair Powell's statement that the July meeting will be a 'live' meeting." The ECB will have its Governing Council meeting on Thursday. It is expected to hike interest rates by 25 basis points. The key for the Euro will be the language used in the statement and ECB President Lagarde’s comments during the press conference. Probably, she will repeat that they are not done raising rates. If the meeting turns out to be 'dovish', with signals of a potential pause, the Euro could suffer.
Short
by Sphyn-Trader
3
EURUSD - Good 150pips SETUP here!!! EURUSD showed some Sign of Strength last week and now we expect a continuation for the last IMPULSE leg. We expect EURUSD to pullback to 800ema and fake out a little bit and at this point we expect DXY to be hovering around BASELINE on its H4 (Check previous post) before we take our ENTRY on EU. #1 ENTRY (Risk Entry, Good Reward) -: Enter LONG when EU reaches 800ema or fakes out below the 800. INVALIDATION If EU drops below the initial SL level on the HS indictor on H4, exit all POSITIONS. TARGETS If LONG gets triggered we are looking at D1 BASELINE for a clean TP P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
by TheHOODofCRYPTO
2