EURUSD waits for an opportunity to sell downThe Euro increased in value today. In the recently released Global Economic Outlook (WEO) report, the International Monetary Fund (IMF) lowered the 2023 economic growth forecast for many economies around the world. Only a few economies, including the US, Japan, India and Russia, buck this trend. Positive signals from some economies are expected to contribute to brightening the global economic picture.
Eurusdnews
EURUSD market analysis
The U.S. dollar was still very strong last week. However, it did not break through a new high. It continued to fall in the next two trading days. So I think the price of the euro against the U.S. dollar will continue to fall next week.
trading signals sell1.1140 tp1.0500
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EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
3rd entry on eurusd sell. risky entry ear Traders, . please don't jump in market blindly. protect your equity first. Comment down your views let's discuss.
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1st trade running 95 + pips
2nd 75 pips
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EURUSD: ECB President Lagarde Speaks!The EUR/USD experienced a slight increase on a calm Monday in the financial markets. This week, important inflation data will be released, and central bankers will be making speeches. The US dollar weakened moderately on Monday due to a decrease in US yields and a rise in commodity prices.
On Monday, data was released showing a decline in the German Ifo, following pessimism triggered by PMI data on Friday. The headline index for June dropped from 91.5 to 88.5, which was below the market's expectation of 90.7. Additionally, the Expectation Index fell from 88.3 to 83.6, and the Current Assessment decreased from 94.8 to 93.7.
The European Central Bank's forum on central banking in Sintra has begun, with numerous central bank officials from around the world attending. ECB President Lagarde and other policymakers will be speaking multiple times, starting on Tuesday. If the ECB wants to communicate a message to the market this week, it has an opportunity to do so. It is most likely that they will stick to the current "data-dependent" approach and signal another rate hike in July.
Fed Chair Powell will also be speaking at the Sintra forum on Wednesday, but it is unlikely that there will be any surprises
EURUSD 4HTherefore, the collection of price liquidity is moving towards the collection of orders
In the lower time frame, after hitting the 4H supply area, you can enter a sell transaction with further confirmation
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⚠️ This Analysis will be updated ...
👤 ONDANAFX : @ONDANAFX
📅 06.01.2023
⚠️(DYOR)
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
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EURUSD: Short term bearish lookAlthough it looks like USD had a good week, however, when it comes to fundamentals, both currencies have their own issues, but still USD gained against EUR during the previous week. The ECB is increasing its interest rates amid strong inflation figures, but ECB officials still lack potential to convince markets to buy Euro. At the same time, the US Government is ready to reach its debt ceiling at the beginning of June or eventually July, which increases the probability of the US default on some of its debt obligations in the coming period. Such an event would have a strong impact on all markets around the world, and not just the US market.
As per current charts, it looks like the Euro took sort of a short-term bear side. RSI was pushed below level of 50 during the week, reaching the level of 41. It increases the probability of further moves of the pair to the down side, until a clear oversold side is reached. At the start of the week the pair for one more time-tested resistance at 1.1, but without strength to break it, the pair reverted to the downside, and lowest weekly level at 1.084, which is a short-term support line for eurusd. It coincides with the MA50 line. Eurusd will start the week ahead by testing this line. Currently there is a lower probability that this line will be breached to the downside at this moment. On the opposite side, the currency pair might shortly revert to the upside at least to the level of previous highs at 1.1 but it should not be expected that this level will be breached to the upside
Important news to watch during the week ahead are:
Euro: GDP growth rate, Inflation Rate for April,
USD: Retail Sales, Industrial Production, Building Permits
Fed Chair Powell speech is scheduled for May 19th, which could bring some increased volatility to the markets.
EURUSD Swing Bullish Breakout!EUR-USD broke the key
Horizontal resistance level
Of 1.09147 and the breakout
Is confirmed even on the 2 H
Because the 2H candle closed
Above the level which
Is now a support, which
Combined with the
Long-term uptrend and
The bullish rebound from
The new support after the
Retest makes me bullish
And the next move is expected
To be in the upward direction
Towards the 1.10293 target
EURUSD: The bears will approach the support zone!The currency pair EUR/USD experienced a drop to a fresh low of 1.0790 during the day, after reversing from a significant short-term obstacle. The downtrend is further supported by the breaking of a two-week support line, which is now a resistance level, and the calming uptrend of the MACD line. Additionally, the RSI line (14) has fallen to level 50, indicating the continuation of the downtrend. No information has been omitted from the original text.
Therefore, the EUR/USD quotes are set to test the confluence of the 1.0730 support level consisting of the DMA 50 and DMA 21 lines as traders start the important week.
Overall, EUR/USD is likely to fall further but the retracement range below 1.0730 appears to be limited.
EUR/USD: The upward momentum will be exhausted, beware of traps!Following the sharp rise in EUR/USD on Wednesday, EUR/USD turned down on Thursday and took back all the gains of the previous day.However, there was a rebound during Friday time, but the currency pair rebounded on Friday and broke through 1.0600. The trend of the euro reflects that the market situation is still relatively tangled at this stage.
On Wednesday, EUR/USD rebounded to the 20-day line (SMA) at 1.06844 and fell back in resistance.After falling below the 20-day line on February 2, it did not break through the 20-day line several times during the rebound, proving that there is still a lot of pressure on the market here. The technical indicators of the daily chart are slightly biased to the downside, and there is no clear direction for the time being. The failure to break through 1.0700 indicates that EUR/USD may continue to consolidate around 1.0600.
The trend of the 4-hour chart shows that EUR/USD is currently slightly higher than the downward channel since the beginning of February. There is no clear breakthrough signal for the time being. EUR/USD maintains a slight downward tendency. If it returns to the downward channel, the bears may take action, causing EUR/USD to fall to 1.0560 (the midpoint of the downward channel), but as long as EUR/USD remains above 1.0560, the bearish momentum is still limited, and once the exchange rate stabilizes above this position, the euro may point to 1.0650/60.
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