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Eurusdlongsetup

EURUSD: Influence from USDUSD: Ugly inflation promises further flight to safety! The Federal Reserve is concerned with increasing prices, which are not decreasing at all. The highest level of inflation is not even visible yet, and it is expected to be in the future. This confirms that the bank will increase interest rates by 75 basis points for the fourth consecutive time in its November meeting, with a range of 3.75-5%. Additionally, it indicates that the peak rate will be 4.8% by March, which is higher than the bank's previous projections. The anticipation of higher interest rates is causing stress in the global financial system, prompting investors to seek refuge in the US dollar.
Short
by Sphyn-Trader
EURUSD set for a drop!Currency Pair : EURUSD Possible direction : Bearish Technical Analysis : Price has just grabbed liquidity again on the 4h and started to drop after few days of consolidation. Weekly and monthly price is overextended to the upside may come down for a pullback. as the price still did not test the daily 20EMA, highly likely price will continue to drop as there is an imbalance toward the downside to daily support zone Possible trade recommendation : Bearish as per chart sketch Fundamental : Multiple high impact may put pressure on EUR Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Short
by ForexWizard01
How does EURUSD trade? On the EURUSD30m chart, it can be seen that the head and shoulder top pattern was formed before the decline, and the M-top (double-top) appeared during the formation of the head. When the support was broken, it ushered in a wave of substantial pullback, completely swallowing the previous gains. The current main resistance level is the shoulder position of the head and shoulder top pattern (1.098-1.10). If this range cannot be broken through, it is impossible to get out of the new high in the short term. Support is currently mainly at 1.093-1.088, and if it breaks below, look down at the vicinity of 1.083-1.079. The above is the trading point of view of EURUSD. If you need a more detailed strategy, please come to me!
Short
by EagleEyeStrategy
3
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - As of last day, the MARKET SENTIMENT for EUR was slightly on the DOWN SIDE. The main reason for that is that the dollar started getting stronger because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - Definitely, according to the market structure, EURUSD can go down to the support level of 1.0619 below. At the moment, there is quite a down side bias in the market for EUR. - Before that, EURUSD can go up to 1.0970 LEVEL according to the structure. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going DOWN, there will be more EURUSD SELL. So keep an eye on it.
by benny_marshall
EURUSD: The influence of USD!Hi trader, you look great today! The recent rise in CPI indicates that the Federal Reserve is unlikely to make any significant changes in their policies this year. While there are signs of fatigue among those who hold USD long positions, the prevailing trend is still towards a stronger dollar. Unfortunately, global growth is not synchronized at the moment, which would typically lead to a weaker dollar. Other factors that could weaken the dollar, such as China's move away from a zero-covid policy or the resolution of European energy concerns, are not expected to have an impact anytime soon. The possibility of a Fed pivot is also a distant prospect. Hot CPI means the Fed pivot is well beyond the horizon
Short
by Sphyn-Trader
EurUsd -> What A Beautiful SetupHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that EurUsd just with last week's candle perfectly broke above a major previous weekly resistance area exactly at the $1.095 area. You can also see that the next potential weekly resistance is exactly at the $1.12 area, so I just do expect more continuation towards the upside from the current levels to then retest the next structure area before we might then see a short term correction. On the daily timeframe you can see that EurUsd is currently perfectly retesting a previous daily resistance zone, which after last week's break is now turned support, so also from a daily perspective everything is pointing towards a next bullish impulse towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
45
EURUSD: Energy emergency program!Hello trader, do you think? During the ECB Watchers conference, ECB President Lagarde reiterated last week's decision, with a greater emphasis on the hawkish elements than the dovish ones. She emphasized the baseline scenario of ending APP in Q3 and interest rate hikes occurring sometime thereafter when discussing normalization. The most important aspect of her remarks is the focus on being "creative" and "designing new instruments" if necessary to address any threat to monetary policy transition and fragmentation. This is a strong indication of the possibility of an energy emergency program similar to PEPP, which could serve as a massive energy backstop. Such a program could counteract the negative effects of higher oil prices and encourage more investment in Europe, ultimately supporting the euro. Energy emergency program could drive more flows to Europe
Long
by Sphyn-Trader
EURUSD: Short term increase!Hello trader, What do you think? According to our projections, there will be a rate hike of 25 basis points in May and another rate hike of 25 basis points in June, resulting in the ECB's Deposit Rate peaking at 3.50% for this cycle. We believe that the current market pricing, which suggests a peak policy rate of approximately 3.09%, is insufficient compared to our expectations. Our optimistic outlook for the Euro's strength against the USD in the medium term is primarily driven by our confident predictions for the ECB policy. Further ECB tightening supporting outlook for medium term strength
Long
by Sphyn-Trader
2
‼️EURUSD SHORT‼️The market conditions for EURUSD are currently lucid and comprehensible. There is a significant volume pressure indicating a downward trend. We anticipate that the price will gather liquidity just above before continuing on a downward trajectory. Our analysis has identified two areas that may serve as strong supply zones. It is prudent to wait for the price to reach these regions before seeking CHoCH (confirmation of change) and any other confirmation signals indicating a new downward trend. Risk management remains paramount in all trading decisions. It is imperative to exercise patience and wait for confirmation before executing any trades. If you have any questions, please do not hesitate to comment below. Wishing you peace, @FxShzd team
Short
by FxShzd
EURUSD pulls back from the highs, uptrend to continue?As predicted in my previous idea, EURUSD rose from 1.0850 to 1.1050 level from where it pulled back. Price moved exactly as predicted, check previous idea below for reference. Currently, EURUSD is hovering around the dynamic support level in the 4Hour time frame and also at the ascending trend line that I have highlighted in my chart. If price stays above the key zone( highlighted with an ellipse) in my chart, EURUSD can continue the uptrend. Long entries between 1.0890-1.09 with SL below 1.0850 and TP at 1.1050 would be valid. Keep in mind that my long-term bias for EURUSD is bearish . If price reaches the 1.1050 level again, I would be looking to sell with 1.05 as my long-term TP.
by YourLazyTrader
13
EURUSD: Buyer's entry!Greetings to all traders! I have some valuable trading-related information that I would like to share with you ❤️ In the second quarter, our team predicts a significant decrease in core US inflation, mainly due to the impact of lower natural gas prices and China's economic recovery. This development has led to an upward revision in global growth, which is beneficial for the euro currency. Additionally, a more aggressive stance by the European Central Bank could lead to an increase in yield differentials, resulting in a rise in the EUR/USD exchange rate. Note: Full TP, SL for winning the market and safe trading!
Long
by Sphyn-Trader
EURUSD: Buyer's outlook!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ According to our prediction, there will be a 25 basis point rate increase in May and another 25 basis point rate increase in June. This will result in the ECB's Deposit Rate reaching its highest point at 3.50%. Presently, the market pricing indicates a policy rate peak of approximately 3.09%, which seems insufficient in comparison to our expectations. Our optimistic forecast for the ECB policy is a crucial factor in our expectation of the Euro's medium-term dominance over the USD. Note: Full TP, SL for winning the market and safe trading!
Long
by Sphyn-Trader
EURUSD POTENTIAL SHORT FORMATION IN PROGRESSWe have been looking at this pair since the end of Feb. We have been waiting for the price to form a strong bullish pullback. This is opposite to the overall bigger time frame trend, which remains largely bearish. How the price is currently setup has given us the potential to trade in the direction of the bigger time frame bearish trend which will give us a good risk reward trading opportunity. We have listed two reasons for the potential end of the bullish bull back below: 1: Trendline breakout 2: Rising wedge breakout. We are still waiting for two more reasons below to form before we can start looking for entries. These reasons have been listed below: 1:Break out of the key level which signals a change from bullish to bearish market structure. 2: Retest of key level.
Short
by NDOBObanks
Bullish Bias on EUR/USD: 4-Hour CHoCHEUR/USD has experienced a change in character on the 4-hour timeframe, indicating a potential pullback down for further continuation up, suggesting a shift in bias to the upside. The price has recently exhibited a bullish sentiment, and traders may now be looking for buying opportunities in anticipation of an upward move. On the 4-hour chart, the market has shown signs of strength, with higher highs and higher lows forming, suggesting a potential uptrend. The recent change in character, which indicates a potential pullback down, could be seen as a buying opportunity for traders looking to capitalize on the bullish momentum. Traders may be watching for a pullback or a retest of a key support level or potential buys once the market changes character in the smaller timeframe at the 50-78% retracement zone of this newfound swing to the upside. on the 4-hour timeframe. This could be a potential entry point for a long position, with a stop-loss order placed below the recent swing low to manage risk. The target for this trade could be towards the previous swing high or a resistance level, indicating a potential upward move. It is important to consider other factors such as market conditions, news events, and overall trend direction to confirm the bullish bias. Traders should also use proper risk management techniques, such as setting appropriate stop-loss levels and managing position size, to protect against potential losses. As always, monitoring the price action and being flexible with the trading plan is essential. Traders should be prepared for potential market reversals or unexpected price movements and adjust their strategies accordingly. In summary, the 4-hour timeframe on EUR/USD has exhibited a change in character, indicating a potential pullback down for further continuation up, suggesting a bullish bias. Traders may be looking for buying opportunities, with proper risk management in place, in anticipation of an upward move. Monitoring the price action and considering other market factors can help traders make informed trading decisions Yesterday's sells; Today anticipation move; Possible play for today and tomorrow before the news; Wave pattern for this trend;
Long
by Dion-FX
3