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Eurusdoutlook

Is EUR/USD gearing up for a bullish move to 1.11?Dear traders, for the last 2 weeks, EUR/USD is forming a base in the 1.0650 level. We have seen a long consolidation at this zone and now, price is slowly moving to the upside. 1.0780 is the first challenge for the bulls . If this key level is broken by the EUR/USD bulls, expect a strong rally to 1.09 and 1.11 eventually as the path of least resistance is to the upside. I recommend traders to look to long entries around 1.07 -1.0650 level with SL below the support zone at TPs at 1.09, 1.11 respectively.
by YourLazyTrader
24
EUR/USD breaks resistance, 1.0972 next?Dear traders, EUR/USD has finally broken through the 1.0780 resistance level that I have been talking about in my previous ideas. Also note that price has broken and settled above the dynamic resistance in the 4Hour chart . So, the confluence of these two factors give us a bullish bias in EURUSD. That being said, we have US CPI data in a few hours which might lead to volatility in EUR/USD . So, I do not recommend any fresh positions in EUR/USD. However, if price does fall below 1.07 again, I would consider that a buying opportunity as long as the support stays intact with my initial target at 1.0972.
by YourLazyTrader
26
CUP AND HANDLE ( EURUSD) POSSIBLE BULLISH MOVEMENT (UPDATE)The target of this pattern is measured by the depth of the cup , by measuring we see that price might continue on this bullish run to 1.11690 which also happens to be an important resistance from which the markets made a rally to the downside back in 31 march 22. Fundamentals are also on the EURO side as Europe exchange rates were higher after the European Central Bank (ECB) raised interest rates by 25 basis points and gave no indication it was considering an end to the interest rate hiking cycle. one should look for possible retracements during the bullish rally to join bulls . MAY THE MARKETS BE WITH YOU
Long
by KILLCAD
EUR/USD 1 hour chart analysis: 60 pips fall?Dear traders, EUR/USD has been struggling to break the 1.0785 level for the last 12 hours. If you look at the hourly chart, you can see plenty of bearish candlesticks in the congestion zone that I have highlighted in my chart. So, based on the above, if the price doesn't break the 1.0785 level, EUR/USD can fall back down to the 1.0720 level . Short-term traders can take advantage of this and bag 50-60 pips profit from the potential fall in EUR/USD.
by YourLazyTrader
13
EURUSD Market has been doing some real magic in the last few days especially with the release of the CPI core data, the PPI, FOMC and federal funds rates, we have seen some momentum in the market and for now on EURUSD, I would want to see a break above the 1.08550 level and its retest before going long or a break below the immediate support at 1.08056 and its retest before shorting the market. For now, we keep our fingers crossed and wait. All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
by Mbjoey
EURUSD weekly outlook: Bearish bias for June weeks 3-4Weekly Outlook (W) Bear bias until price action establishes an uptrend above 1.1092 6/15/23 Still making higher highs and lower highs Last week of May just made the last higher low @ Weekly fib 78.6 level Expectation: IF Continues uptrend: reach last HH level or 1.1100 and eventually 1.1250 (27 ext) If not: Price reactions from levels below: 1) 0.0865 H&S Weekly line and does a downtrend from there 2) Weekly IMB and OB with BOS down. INVALIDATION POINT: 1.1092
Short
by RSC_FX
2
EURUSD: Things you need to know!Fundamental analysis: The support and resistance zones are effectively fulfilling their role, as usual, by eliciting a response above the gold price line. The RSI indicator indicates that liquidity is slowly accumulating, which suggests a potential reversion to a downtrend. Market overview: The EUR/USD rose again, posting its highest daily close in a month above 1.0800, despite the US Dollar's recovery triggered by the hawkish hold from the FOMC. Attention now turns to the European Central Bank (ECB) meeting and upcoming US data, which could become more relevant given Fed Chair Powell's statement that the July meeting will be a 'live' meeting." The ECB will have its Governing Council meeting on Thursday. It is expected to hike interest rates by 25 basis points. The key for the Euro will be the language used in the statement and ECB President Lagarde’s comments during the press conference. Probably, she will repeat that they are not done raising rates. If the meeting turns out to be 'dovish', with signals of a potential pause, the Euro could suffer.
Short
by Sphyn-Trader
3
Stick with the broader perspective on Eurozone - short euroFundamentals EUR: There are indeed hawkish expectations as ECB officials reiterated the need for further hikes in June-July to tame sticky inflation. However, most if not all leading indicators' latest readings point to a decrease in economic activity. I believe yesterday's spike is the result of pricing in those hawkish expectations, which is overdone. The idea is to follow the bigger picture of the economic conditions in the Eurozone. ECB may try to hike rates a few times to fight inflation, but the major downtrend in the euro should continue unless leading indicators show some improvements. Additionally, the positioning of retail traders is mostly long - an old habit of fighting a fundamental trend. At some point the retailers should take their losses, feeding the downtrend. USD: Yes, there's a pause in rate hikes expected in June, but Fed has been more successful in lowering inflation, while recent data showed some signs of improvement in economic conditions (consider Retail sales and NFP). Also, the medium-term Fed's outlook is still quite hawkish because inflation is still well above the regulator's target Technical & other Setup: S(RTF) Setup timeframe: 4h Trigger: 1h Medium-term: Down Long-term: Range Min. Target: MA(10) *The market is likely to range until FOMC, so the target is quite limited.
Short
by Cherry94
4
EURUSD intraday 1st higher highI believe EURUSD is reversing as it formed its first higher high within this consolidation range. ADX was not bullish during this move, however structure was broke. I will look to capitalize on any breakout. I have a zone marked at the bottom of the zone as the daily has formed two bullish reversal candlesticks along with volatility at support. Currently price is at daily swing high, which price failed to break. The 4H has formed a higher high and is retracing with indecision to form a higher low. If the daily support holds. Im long EURUSD.
Long
by DesharedPierreJr.
EURUSD JUNE CANDLE OPENING PRICEEURUSD JUNE CANDLE OPENING PRICE Here's my view, the opening price of June candle gave confirmation to bulls stepping in. This month candle has high probability of going upwards 'bullish' so therefore we will be looking for more buy entry more than sell setups, this is for month of June. Fundamentally, FED might not have much effects because it's followed by ECB rate hike the next day. Another ECB RATE HIKE coming up on July due to inflation. I see more bulls stepping in. Pls kindly drop your views in the comment section
Long
by Lordval_Austine
3
EURUSD - Giving some resistanceEURUSD showed weakening downward strength, sliding out of its channel. I played the trend, ignored some signals and took a loss playing short - so now we wait for data as clearly there was some confusion. This pair has chance of playing ping-pong between the D50/D200 EMAs until the main event next week, I am leaning towards further downside in the longer run - see what shakes out. Personally, Ill be giving this guy a little space Continuation above ~1.082 would change my short bias, but something to note is the daily chart looks like we want to try and take a deeper breath up. If that's your thing to play then 1.072 should remain your friend. Happy Trading - Stay Agile
by Scott_The_Chartist
EUR/USD best level to buy + 267 PipsDear traders, after the bearish move for the last 1 month, EURUSD appears to be consolidating. A minor support at 1.0660 has been created and EURUSD is currently consolidating in a small range. However, since price has fallen below the 100-day EMA, bulls need to be a little careful . That being said, 1.0660 appears to be a good point to buy if price doesn't breach this level. So, traders can consider going long in EURUSD@1.0660 with SL below 1.06 and initial TP at 1.08 . Long-term traders can keep their final TPs at 1.11.
by YourLazyTrader
22