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Eurusdlongsetup

EURUSD: Correction of the uptrend!US Dollar's position as the primary global reserve currency is being challenged Over the past two decades, the proportion of the US Dollar in the global market has declined from 71 percent to 59 percent. There is a possibility that this share may decrease even further in the future. This situation adversely affects the United States since currency usage in global trade is a zero-sum game. Whenever a Yuan, real, or Rupee is traded on the global market, a Dollar is not. If other trustworthy alternatives become popular, it may compromise America's dominance in the global market.
Long
by Sphyn-Trader
EURUSD 100pips Move!! EURUSD is gearing up for the next impulse. Unlike every other trades, current EU setup is backed up by D1 and every level and signals inside the SUITE SYSTEM. We expect EU to make a Higher High for the Divergence leg to print properly. There's a of money here on EU not only on the LONG but on the SHORT to come. Right now we only have a CONFIRMED ENTRY on EU currently. #1 ENTRY (Risk Entry, Good Reward) -: none! #2 Entry (Confirmed Entry, Minimal Reward) -: It's safe to enter LONG here as we are currently trading ABOVE the BASELINE. INVALIDATION Go in with a 50pips Invalidation or use the ALERT system inside the SUITE INDICATORS to send you a notification when setup is invalidated. TARGETS We are expecting a HH, profit can be locked in when we hit the previous high forming a DOUBLE TOP! P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!
Long
by TheHOODofCRYPTO
EURUSD - Seeing short-term drop until my point of interest buy.Hello everyone, I hope you had a wonderful weekend and are ready for a new week of trading. I would like to share my analysis on FX:EURUSD with you all. As you can see from the chart, we have been moving upwards within a channel. However, I anticipate a break in this channel soon, and a test of our Point of Interest (POI), based on both technical and fundamental analysis. I am interested to hear your thoughts and opinions on this matter. Good luck to everyone and have a productive trading week ahead. Best regards, Enzo
Long
by IamEnzo
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