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Eurusdprediction

💡 EURUSD: Analysis January 17EURUSD has fallen to the support zone around 1.0850. If the price forms and gives us a signal to buy up in this zone, we can consider trading. If you trade this frame, please note that you can wait for the price to break the most recent peak of the H4 frame and then look for a buyback price according to the previous price increase, so you will have a much higher probability of winning. . In general, with this currency pair, please pay attention to the current support price area around 1.0850. If there is a signal of a price decrease, you can consider trading. Also note that we have a small resistance level around the round number 1.0900. If you are trading in the low frame and see the price approaching this area and forming a nice bearish signal, you can consider it. Can you please sell soup from this area?
Long
by Stone_Haven
EURUSD: EUR/USD broke through an important technical milestone iThe dollar remains generally in good shape. EUR/USD tested the 200-day moving average during yesterday's trading session before rising to the 1.0890 level. Looking at the short-term trend, sellers are in control with prices still not coming close to testing the 100 hour moving average at 1.0916. The downtrend will still be maintained for now. As rising Treasury yields help strengthen the dollar, the euro is also receiving support from the ECB's outlook review. Going into this year, traders were convinced of the first rate cut in April but that possibility is now being priced at approximately 90%. This comes after opposition from ECB policymakers. That means that while April is still on the table, it is likely that June or July would be a more reasonable option to satisfy the central bank's board of governors. Therefore, if traders lower their pricing on an interest rate cut in April, it will support the Euro at a balanced level. Currently, sellers are still willing to try to maintain the bearish trend.
Short
by Chart_MasterPro
Retail Data Shaping EUR/USD Fundamental Analysis: 1. US Retail Sales Increase: Recent data shows a 0.6% increase in retail sales in December, marking the strongest pace in three months. This indicates a solid holiday season and a resilient consumer attitude in the US, which could be a positive indicator for the US dollar (USD). 2. Consumer Resilience and Economic Outlook: Despite predictions of a recession, household spending has been surprisingly strong over the past year. However, this momentum is expected to slow down in 2024 due to persistent inflation, high borrowing costs, and diminishing savings. This could limit the strengthening of the USD. 3. Market Reaction: The immediate market response to the data was a drop in US Treasuries and stocks, suggesting a scaling back of expectations for Federal Reserve rate cuts. This generally would favor the dollar. 4. State of the US Economy: Manufacturing output showed minimal growth, indicating weakness in that sector. Technical Analysis: 1. Monthly Time Frame: EUR/USD has rejected a key resistance, suggesting a possible bearish reversal. 2. Weekly Time Frame: The pair is in an upward trend and is at a significant support, which could indicate a bounce. 3. Daily Time Frame: There is an overextension of the price, suggesting a bearish correction towards 1.0800 4. 4-Hour Time Frame: A shift towards an upward trend is observed, confirming the possibility of a correction. Conclusion and Strategy: - Short-Term Outlook: The current strength of the dollar, supported by solid retail sales, could keep EUR/USD under pressure. However, the overextension and upward trend in shorter time frames suggest an imminent correction. - Medium-Term Outlook: The expectation of an economic slowdown in the US in 2024 and potential weakness in the manufacturing sector could limit the long-term strengthening of the dollar.
Long
by Wiiso
1
EurUsd- Strongly bearish under 1.0950As mentioned in my analysis of OANDA:EURUSD from two days ago, the pair failed to break above 1.1. Consequently, there was a potential for it to dip below the support level and continue its decline to the next significant support at 1.0750. Indeed, the price dropped below the support zone and hit a local low at 1.0845 yesterday. Currently, the pair is undergoing an upward correction, presenting an opportunity for short trades. In my view, any rallies toward 1.0950 should be considered for selling. Depending on risk tolerance and patience, the target can be set at either the recent low of 1.0850 or the major support at 1.0750. The negation of this scenario occurs if EURUSD manages to break above 1.1.
Short
by Mihai_Iacob
2
EURUSD Seasonal & Technical Analysis: In this comprehensive video analysis, we delve into the technical indicators and historical patterns of the EURUSD currency pair, aiming to provide valuable insights for traders and investors. Our analysis strongly suggests the continuation of bearish momentum for EURUSD. Starting with the weekly and daily time frames, we identify prominent head and shoulder patterns that are indicative of a potential downturn in the market. These patterns often serve as reliable signals for trend reversals, and their presence across multiple time frames enhances their significance. Furthermore, our analysis extends to the seasonal aspect, where a decade-long examination reveals a compelling trend. Over the past 10 years, a remarkable 80% of the time between January 17th and March 1st has seen bearish movements in the EURUSD. This historical trend strengthens the argument for a continued bearish trajectory in the upcoming weeks. Whether you're a seasoned trader or someone looking to understand the dynamics of the currency markets, this video analysis provides a comprehensive overview of the technical factors and historical trends supporting the belief that EURUSD is poised for a sustained bearish phase. Stay informed and make well-informed decisions by tuning in to this in-depth analysis.
Short
by ManilaFXTrading
💡 EURUSD: Forecast January 16EURUSD continues to fluctuate in a narrow range, not creating new notable signals. However, the fact that the price has accumulated for too long around the lower border of the rising channel combined with the previous strong falling wave shows that the risk of breakdown is increasing. Bulls need to keep SL below 1.09 for existing long positions, guarding against the possibility of a price decline. If this happens, the short-term target for bears is around 1.075.
Long
by Stone_Haven
EurUsd- Will it break support and dive to 1.0750?Last week, I held a bullish stance on Eur/Usd, anticipating a breakthrough above the crucial 1.1 resistance level. Unfortunately, the pair's inability to surpass this significant threshold led me to close my trade at breakeven, prompting a decision to adopt a wait-and-see approach for further clarification. Examining the recent price action, it appears that my patience might be rewarded with a clearer picture emerging. Currently, my perspective has shifted to bearish. The chart illustrates that Eur/Usd is struggling to breach the 1.1 mark and instead continues to decline to support around 1.0920. This inability to surpass 1.1 and dropping to support after touching this level, signifies weakness, raising the likelihood of a downward move below the support level. In such a scenario, the pair could experience an acceleration in losses, with the next notable target standing at the critical support level of 1.0750.
Short
by Mihai_Iacob
1
Outlook for EUR/USD: Davos Insights and Fed Speeches Outlook for EUR/USD: Davos Insights and Fed Speeches Several ECB officials are expressing opposition to rate cuts, potentially helping to curb losses in the EUR/USD, which is currently testing the 61.8% Fibonacci level after a more than 0.7% drop. Davos has prompted ECB officials to share their views on the Euro Area's prospects and their positions on the likelihood of interest rate cuts in 2024. ECB Board Member Gediminas Šimkus, also Chairman of the Lithuanian Central Bank, suggests holding off on a central bank move, but sees the possibility of a cut in the summer. Similarly, ECB Board Member Madis Müller, the Governor of the Central Bank of Estonia, believes expectations for a rate cut are ahead of the current data reality. However, the future direction of EUR/USD remains uncertain, as Fed officials are pushing back against interest rate hikes too, and their influence in the markets may be more significant. Federal Reserve member Christopher Waller, whose November comments raised expectations of Fed rate cuts, today (not at Davos) expressed a more cautious outlook on the pace of rate cuts ("I see no reason to move as quickly or cut as rapidly as in the past"). Monitoring other Fed members' addresses this week will be crucial: Wednesday, Jan 17 09:00: Fed's Bowman Speech 09:00: Fed's Barr Speech 15:00: Fed's Williams Speech Thursday, Jan 18 07:30: Fed's Bostic Speech Friday, Jan 19 16:15: Fed's Daly Speech
by BlackBull_Markets
💡 EURUSD: Forecast January 15EURUSD still cannot escape the narrow range around the edge of the rising price channel. The bullish structure still exists and we still have long positions targeting around 1.1200. However, it should be noted that accumulation around the lower border of the price channel for too long is an unfavorable signal for sellers, especially when there has previously been a strong downward wave. You can hold the position but need to set SL below the 1.0900 zone to prevent the price from reversing and falling.
Long
by Stone_Haven
EURUSD: The USD is quiet with low trading volumeThe dollar was weak in early European trading on Monday as traders weighed the possibility of an early interest rate cut by the Federal Reserve and a U.S. holiday slowed trading volume. At 4:35 p.m. ET (9:35 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, was trading 0.1% higher at 102.242 as the holiday began. Martin Luther King Jr. Data released on Friday showed the U.S. producer price index unexpectedly fell in December, increasing traders' expectations that the Federal Reserve will start cutting interest rates as early as this year. According to the CME FedWatch tool, the market now has a 78% chance that the Fed will start cutting interest rates in March, compared to a 68% chance a week ago. This week's US statistical calendar is quiet, with the focus on retail sales figures scheduled to be released on Wednesday. Investors will be closely watched for signs that consumer spending, a key driver of economic growth, remains resilient despite rising interest rates. Retail sales are expected to increase by 0.4% in December, following a 0.3% increase in November. Investors will also have the opportunity to hear from several Fed officials, including Fed President Christoper Waller, Atlanta Fed President Rafael Bostic, and San Francisco Fed President Mary Daley. The value of the euro rose even though Germany's GDP fell In Europe, the euro/USD pair edged up to 1.0953, even as data showed the eurozone's largest German economy contracted by 0.3% in the final quarter of the year. Last year and he will decrease by the same amount throughout 2023. But despite this weakness, recent inflation data largely confirms the European Central Bank's current thinking, meaning rate cuts are not on the table in the short term, said ECB chief economist Philippe. Lane said Friday. Eurozone inflation rose to 2.9% in December from 2.4% in November.
Long
by Chart_MasterPro
EUR/USD Analysis: Targeting a breakout to the downside? EUR/USD Analysis: Targeting a breakout to the downside? The EUR/USD currency pair seems poised for a technical breakout. Analysing the 8-hour chart reveals a consolidation phase since the start of the year, following a decline below 1.1000, with this mark acting as a resistance level on two occasions since then. Currently, EUR/USD is resembling a triangle/flag pattern, suggesting a potential technical breakout. The looming question is: Which direction will the pair break out? There are arguments to be made for both sides of the equation, but perhaps the case for a break to the downside is more convincing? Traders are pricing in an ~80% probability of a Fed rate cut in March. Simultaneously, an European Central Bank (ECB) rate cut for April is also on the horizon. While both central banks might fail to meet these expectations, the likelihood that the Fed pushes back might be lower than that of the ECB. According to Governing Council member Robert Holzmann, speaking at the World Economic in Davos, the prospect of ECB rate cuts in 2024 appears highly unlikely. At the same time, he emphasized the persistent threat of geopolitical conflicts, such as those in the Middle East, which pose a risk to Euro supply chains and energy markets. This ongoing uncertainty could exert pressure on consumer prices, creating a challenging environment that might interfere with any potential rate cuts from the ECB.
by BlackBull_Markets
EURUSD ExpectationHello traders, EURUSD has been inside a range since the beginning of the year. It's important to consider a few things: - The overall structure is bullish. - Price already took buyers and sellers by liquidating both directions. - There is also a bigger M15 range that price is respecting. My expectation is that price will at least mitigate the H4 supply (red zone) even if it wants to continue down. Why? Sellers from Friday are still intact after that impulsive move and they were definitely induced into the market. When/if price mitigates that H4 supply zone, it will have to make a decision. It will either continue higher and follow the Daily structure (I'll be looking for that), or it will start a pullback in order to take out the current buyers. Slow start of the year for currency traders, nothing out of the norm, we just have to be patient :) Good trading!
Long
by CirculoForex
EURUSD 4H : We have to wait until break one of them EURUSD New forecast The EUR/USD pair made an attempt to break the 1.0928 level, but was unable to hold below it yet, remaining confined between this support and the 1.0985 resistance. Therefore, we continue our neutrality until the price is able to confirm crossing one of these two levels to determine its next destination more precisely. We point out that breaking the support and stability below it will put pressure on the price to resume negative trading and head towards 1.0892 initially, reaching 1.0808, while breaking the resistance and stability above it represents the key to resuming the bullish wave in the short term, heading towards testing the 1.1012 and 1.1082 areas initially. The expect range trading for today it will be between the resistance line 1.0985 and support line 1.0892. resistance line : 1.0985 , 1.1012 support line : 1.0928, 1.0892 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
by Arazmajeed
2
EURUSD Technical Analysis and Trade IdeaIn this video we take a close look at the EURUSD currency pair. We can see that this has been bullish on the higher time frame. We can see that it has traded into resistance, has also been range-bound since Friday and we are looking for a potential trade opportunity if market conditions are favourable. In the video we discuss price action, market structure, the trend and other important aspects of technical analysis. As always this information is for educational purposes only and not to be construed as financial advice.
Long
by tradingwithanthony
EURUSD - 2024 - Week 3I am waiting for the sell pressure to take hold after the weekly shift in market structure to the downside to line up with the major trend. Liquidity has been created on both sides but I'm confident that supply has got the upper hand. I will be looking for buys up to the H4 supply zones before moving into sell mode, being careful of the fact there is more than one place for price to reverse so we could get a fake move to liquidate the early swing traders into the institutional positions
Short
by Kram_Capital