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Eurusdoutlook

20 Reasons for buy EURUSD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: Last year, the market reached the yearly Order Block (OB) area and formed a medium-strength hammer pattern, indicating a potential yearly impulsive move starting from 2023. This suggests a bullish trend in EUR for the coming years. 2:📆Monthly: A monthly choke is present, but we must remember that higher time frames are always respected. The yearly and monthly areas are the same, and a strong demand area can be observed at the last valid low. Every pullback or support within this area can be seen as a buying opportunity. 3:📅Weekly: After forming a valid low, the price has created higher lows (HL) and higher highs (HH), indicating that there is sufficient bullish momentum to continue moving higher. If we draw a trendline here, it will act as support and form a triangle pattern. 4:🕛Daily: The trend is strongly bullish, and we should look for buy entries as long as the price remains above the 1.070 level or holds the daily trendline. If the trendline is broken, we need to strictly consider a buy position. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bullish to sideways 6: 2 Pattern Candle Chart: A big bearish rally was attempted but failed on Friday, indicating a liquidity sweep. 7: 3 Volume: Significant bullish volume supports price movements on every support level, and the heavy volume at Thursday's close suggests profit booking. 8: 4 Momentum UNCONVENTIONAL RSI: There is no weakness in momentum yet, and the price can hold itself above the 40 level. A slight correction may be expected. 9: 5 Volatility measure Bollinger bands: The Bollinger Bands show a double top, and all volatility favors the bulls. The price can also find support at the 20 MA. 10: 6 Strength ADX: In favor of bulls. 11: 7 Sentiment ROC: We are well aware of the ROC. ✔️ Entry Time Frame: Daily 12: Entry TF Structure: Bullish 13: Entry Move: Waiting for resistance trendline breakout. 14: Support Resistance Base: Daily trendline and 20 MA. 15: FIB: Wait for an upside trendline breakout. The trigger event is also activated. ☑️ Final comments: Wait for a breakout above the trendline before entering a buy position. 16: 💡Decision: Buy 17: 🚀Entry: 1.1002 18: ✋Stop Loss: 1.08294 19: 🎯Take Profit: 1.30000 20: 😊Risk to Reward Ratio: 1:10 🕛 Expected Duration: 2 or 3 months
Long
by Optimum369
Navigating the Bearish Winds: A Week of EUR/USD DowntrendAs we embark on a new week, the EUR/USD currency pair is poised for a bearish trend, a sentiment that is largely based on the price action observed in the past week and the upcoming economic events and forecasts. Last week, the EUR/USD pair experienced a significant downtrend, with the Euro losing ground against the US Dollar. The price action was characterized by a series of lower highs and lower lows, a classic bearish trend pattern. This downward momentum was largely driven by a stronger US Dollar, buoyed by positive economic data and rising bond yields. Looking ahead, several key economic events could further fuel this bearish sentiment. First on the list is the upcoming US Non-Farm Payrolls report. If the data shows a robust job market, it could further strengthen the US Dollar, putting more downward pressure on the EUR/USD pair. In Europe, the European Central Bank (ECB) is set to make its monetary policy announcement. Any dovish tones from the ECB, such as indications of continued quantitative easing or low-interest rates, could weaken the Euro and contribute to the bearish trend. Furthermore, the ongoing concerns about the economic impact of the COVID-19 pandemic in Europe, coupled with the slow vaccine rollout, continue to weigh on the Euro. Any negative news on this front could further dampen investor sentiment toward the Euro. In conclusion, based on last week's price action and the upcoming economic events, the outlook for the EUR/USD pair appears bearish for the week. However, as always, it's important to keep an eye on the economic calendar and news events, as these can often trigger unexpected price movements. Stay tuned for more updates as the week unfolds. Please note: This post is for informational purposes only and should not be taken as investment advice. Always do your own research and consider your risk tolerance before making investment decisions.
Short
by pbaranda
3
EURUSD - Short active ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we have the same scenario as on Gold, so I opened a short position after the price filled the imbalance and rejected from bearish order block. My target is the imbalance at 1.08600. Fundamental analysis: Upcoming week on Thursday and Friday we have news on USD. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
EURUSD: Unemployment data and impact!The EUR/USD lost points for the second consecutive day on Thursday, dropping below 1.0900 due to the stronger US dollar, which was driven by robust economic data. In the Eurozone, inflation data was mixed, showing a slowdown in Spain and a recovery in Germany, which was not surprising. Thursday's data revealed a slight increase in Germany's inflation in June, with the annual rate rising from 6.1% to 6.4%. Analysts have pointed out that the increase is believed to be due to energy and transportation cost cuts, without which inflation would have decreased. Looking at the details, the slowdown in inflation still seems to persist. On Friday, Eurozone Consumer Price Index data will be released. European Central Bank officials have made it clear that interest rate hikes will occur in July, as inflation remains high.
Long
by Sphyn-Trader
6
EurUsd -> Triangle Pattern SpottedHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that EurUsd just retested and already started to once again reject a major previous weekly resistance area at the $1.10 level. You can also see however that weekly market structure is still overall bullish, EurUsd is still creating higher highs and higher lows and we do have a strong bullish trendline coming in at the $1.07 level which could act as support, so I am now just waiting for a retest of this support line before I then do expect another rejection towards the upside. On the daily timeframe you can see that EurUsd is now actually creating an obvious symmetrical triangle continuation pattern and is currently rejecting the resistance trendline towards the downside so from the current levels I first do expect more downside and then I do expect a rejection away from the support trendline at the $1.075 level. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
29
EURUSD: Market continues to move in a downtrendEUR/USD declined on Wednesday, quickly reaching below 1.0900 and then rebounding in the US session, cutting losses. The Euro is still supported by expectations of interest rate hikes by the European Central Bank (ECB), reaffirmed by Lagarde's comments. At the same time, bets on interest rate hikes increased in July from the Federal Reserve (Fed), supporting the US Dollar. Inflation data from the Eurozone has started to be released. Italy's harmonized consumer price index slowed down from 8% to 6.7% in June. On Thursday, Spain and Germany will report inflation, and on Friday, the Eurozone's Consumer Price Index (CPI) will be due. The headline EZ is expected to decrease from 6.1% to 5.6%. Another report released on Wednesday showed a decline in the GfK Consumer Confidence survey, with a drop from -24.4 to -25.4. This is the first decline since October.
Long
by Sphyn-Trader
7
EURUSD: ECB President Lagarde Speaks!The EUR/USD pair is taking a break around 1.0960 after posting its biggest daily gain in a week during a two-day rally. This suggests that the Euro has been boosted by hawkish comments from European Central Bank (ECB) officials the previous day, while paying little attention to optimistic US data. However, cautious sentiment ahead of key speeches from top central bank figures including ECB President Christine Lagarde and Federal Reserve Chair Jerome Powell at the ECB Forum in Sintra has further fueled the currency pair's price increase.
by Sphyn-Trader
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: 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
Long
by Sphyn-Trader
2