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EURUSD MID-WEEK ANALYSIS-24/09/2023EUR/USD: Seizing Bullish Opportunities Amid Market Shift A noticeable shift in market behaviour on EUR/USD, especially on the lower timeframes, has prompted me to shift my focus towards potential buy opportunities. Join me as we explore the emerging bullish outlook for EUR/USD and adapt our trading strategies to these evolving market conditions. Stay tuned for further insights and updates! 📈🌐 #EURUSDTrading #BullishOpportunities #MarketShift
Long
by Dion-FX
6
EUR/USD on the 30M Support and Resistance Zones Support Levels: Support 1 @ 1.08354: The level at 1.08354 serves as an immediate support zone on the 30-minute chart of EUR/USD. The price tends to find buying interest and potentially reverse its downward movement in support levels. Traders should closely monitor this level; a break below it could indicate further bearish pressure. Support 2 @ 1.07818: Support 2, located at 1.07818, represents another crucial support level. Historically, this level has acted as a significant area of price reversal. If breached, it may signal the potential for a more substantial downward move. Support 3 @ 1.07637: Support 3, situated at 1.07637, is a deeper support level. Traders should be aware of this zone as it represents a lower support level. A break below Support 3 could suggest an increased bearish sentiment. Resistance Level: Resistance @ 1.09619: The resistance level at 1.09619 stands out as a key level of resistance on the 30-minute EUR/USD chart. Resistance levels are where the price often encounters selling pressure and may reverse its upward momentum. Traders should keep a close eye on this level, as a decisive move above it could indicate a bullish sentiment in the short term. Conclusion: Understanding support and resistance levels is fundamental in forex trading. These levels provide critical insights into potential price reversals and trend continuations. Traders in the EUR/USD market should carefully observe the identified support and resistance zones outlined in this blog post. However, it's essential to remember that the forex market is subject to constant fluctuations influenced by various factors, including economic data releases, geopolitical events, and market sentiment. Therefore, traders should complement their analysis with other technical and fundamental indicators to make well-informed trading decisions. Risk management and prudent trading strategies are equally crucial when trading in the forex market.
by enclavefx_Analaysis
1
EURUSD: Good signals in the time of economic instability!The EUR/USD pair starts the week on a positive note, moving away from a one-week high below mid-1.0800s. Spot prices trade around 1.0900 during the Asian session. The US Dollar struggles to capitalize on its recovery gains and faces some supply on Monday. Business activity in the US fell to a three-month low in June, according to S&P Global. Services growth eased for the first time this year, and the manufacturing sector contracted further. This, along with a slight decrease in US Treasury bond yields and a positive tone in US equity futures, weakens the safe-haven Greenback.
Long
by Sphyn-Trader
17
EURUSDThis Is An Update On The EURUSD Setup I Shared With You Guys Yesterday, We Broke Structure to The Upside On The Dollar Index But That Isn't So Clear On The EURUSD And We Also Had SMT Divergence Inside The Fair Value Gap With EURUSD Taking The High Of The Fair Value Gap And The Dollar Index Failing To Take The Low Of It's Fair Value Gap, I'm Not 100% Convinced We May See Shorts Now But This Is Just My View Currently On The EURUSD And Price May Disregard It And Continue Higher.
Short
by TheHumanArsenal26
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
The European Central Bank continues to raise interest rates Although the eurozone economy is not satisfactory, the European Central Bank's interest rate hike expectations are expected to give the euro some support. HSBC expects the European Central Bank to raise interest rates in June, July and September The eurozone PMI data showed a good pace of expansion, but perhaps the most interesting aspect of the data was the increase in the service sector output price index while the input price index fell. That is, companies have greatly increased prices when the growth of input costs has slowed.Nevertheless, the historically high input prices mean that core inflation will remain on trend, which has prompted the European Central Bank to now expect to raise interest rates in June, July and September. EURUSD is currently at 1.0774, and the important short-term resistance is 1.0845-1.0850 Trading strategy: EURUSD:buy@1.07610-1.07640 tp:1.07710-1.07740 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. If you need signals, join me as soon as possible!
Long
by UnknownUnicorn55305588
EURUSD: downtrend!Technical Overview The EUR/USD has been showing a negative trend since May 5, and Monday's slight improvement has not changed this trend. The immediate resistance level is at 1.0900, which is a horizontal level and the EMA-34 in 4-hour charts. If the Euro manages to go above this level, it could reduce the bearish pressure. However, to change the short bias from bearish to neutral/bullish, it must cross the downtrend line that is currently at 1.0950.
Short
by Jiren-SphynChannels
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
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
EURUSD: entry Sell!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 ❤️ Despite expectations of a decrease in inflation, its unexpected rise is a setback rather than a sign of a renewed acceleration in inflation. Our forecast still predicts a primarily decreasing trend in inflation, but it will take years to reach the Fed's target of 2%. This means that the US will have higher rates compared to other regions, even if the eurozone experiences higher inflation (anticipated at 8.2% this week) due to the ECB's more cautious approach and its lower terminal rate compared to the Fed's. This historical trend also indicates that the dollar will remain strong for an extended period, possibly throughout the year. Note: Note: Full TP, SL for winning the market and safe trading!
Short
by Sphyn-Trader
1
EURUSD: Europe is in a great stress!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 ❤️ Europe is currently experiencing its largest energy crisis in recent history, with the duration of the crisis remaining uncertain. The situation is expected to be challenging for Europe for a minimum of two to four years, unless there is a significant alteration in the circumstances leading to the crisis. The primary cause of the crisis is Russia's war against Ukraine, which is impacting the European economy in various ways, including increased prices for energy and food, as well as geopolitical instability. This instability could result in third-party efforts to alter EU borders. Note: Note: Full TP, SL for winning the market and safe trading!
Short
by Sphyn-Trader
1