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Eurusdoutlook

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
EURUSD - Bullish price action ✅Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect bullish price action from here as we can see that price almost filled the imbalance and rejected from bullish order block. Fundamental analysis: Upcoming week on Thursday we have news on USD, will be released quarterly GDP. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
EURUSD Trade Setup H4The price of EURUSD has closed at 1.0891. According to my limited knowledge, the first resistance area for EURUSD is likely to be at 1.0908. If this area is broken, then the next second resistance will be at 1.0953, and if that area is also broken, then the third resistance area will be at 1.1002. As for support, the first support level is at 1.0854, and the second support level is at 1.0808. You should keep an eye on the market and open trades wherever the market rejects. If you sell from the first resistance area, your take profit should be at the first support area, and you should set a stop loss of 35 pips. I hope your trades turn out to be profitable. Disclaimer: The information provided is for educational purposes only and should not be considered as financial advice. Trading involves risks, and decisions should be made based on personal judgment and analysis.
by ShaaniReal
EURUSD: Economic influence!According to The Guardian on June 8, gross domestic product (GDP) across the eurozone fell 0.1% in the first quarter of this year, worse than the previous forecast that the eurozone economy just stalled. Specifically, Eurozone GDP shrank by 0.1% in the fourth quarter of 2022, meaning that the eurozone economy shrank for two consecutive quarters. The definition of a recession is an economic contraction for two consecutive quarters. The GDP of the Eurozone fell due to being dragged down by Ireland. Ireland's GDP fell 4.6% in the first quarter of this year, although economists have questioned whether that really reflects the performance of the Irish economy. The Lithuanian economy shrank 2.1%, while the Dutch economy shrank 0.7%. Germany, Europe's largest economy, shrank 0.3% and also fell into recession. The European economy has been hit by economic disruptions amid the conflict in Ukraine, which has sent energy and food prices soaring. This situation has led to a series of rate hikes, as the European Central Bank (ECB) seeks to combat higher inflation. Diego Iscaro, Head of European Economics at S&P Global Market Intelligence, forecasts that as the impact of higher interest rates has yet to be fully felt, economic activity in the eurozone will be sluggish throughout. remainder of 2023.
Short
by Sphyn-Trader
Bullish on EURUSDCurrently EUR/USD is having a slight retracement after all that buying pressure. A strong supply level has turned into a demand level showing bullish signs... I am waiting for a retest into this demand zone and strong bullish price action/MA cross in order to enter. Additional confluence will be this trendline break. I have my TP at the last strong supply zone. My SL will be below the last higher low with an additional 20 or so pips for some breathing room! Let me know what you think! Trade safe and manage risk!
Long
by USBullsBears
EUR/USD flirts with 1.08 leading into FOMC and ECB meetingsEUR/USD broke above the 1.0800 handle yesterday thanks to a weak US inflation report, yet price action now finds itself back beneath that key level leading into today's FOMC meeting (and tomorrow's ECB meeting). But as the pair has risen over the past two weeks, it may take a particularly dovish meeting from the Fed to drive it materially higher. Therefore, we're looking for evidence of a swing high and for a move back towards the 1.0700 handle. A bearish divergence is forming on the RSI 4-hour chart and we've identified two resistance zone around the 1.0800 and 1.0860 area we'd consider fading into, or seeking evidence of a swing high. Otherwise, a stop above 1.0800 could suffice should momentum turn lower without breaking back above 1.0800.
Short
by CityIndex
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
EURUSD SELLHello Traders, We have a constant downtrend on the EU for the past few weeks. This has informed our bias for a sell with a confirmation of change of character on the daily timeframe. Now going in depth we have spotted different supply zones where price is most likely to find liquidity and gain momentum to the downside. That being said its important you use go risk management on each entry I suggest 2% each. As this is a high probability trade, thanks. UndercoverTradingLLC
Short
by Undercover_Trading