EURUSD: Anticipate important news!EUR/USD strengthened after the NFP report, as the market punished the greenback and US Treasury yields plummeted. The US Dollar Index, a measure of the dollar's value against a basket of peers, was down 0.70% to trade at 101.766. EURUSD's next prediction next week is a return to the uptrend!
Eurusdtechnicalanalysis
EURUSD: One-way movements before NF and the influence of USDEUR/USD is recovering from its lowest level since July 07, finding support from a descending trendline that has been in place for three weeks. As of early Thursday, the currency pair is hovering around 1.0940.
This bounce can be attributed to the oversold RSI (14) line, as well as market sentiment regarding inflation and employment data from both the Eurozone and the US. Additionally, a stronger S&P500 Futures and a decrease in Treasury bond yields have contributed to a consolidation of recent losses for EUR/USD.
Possibility to keep dropping in multi-frame 1D
Euro/usd long setupafter feds repo rate decision we had seen a fall
Price reacted from MTF demand zone and seen bulls reaction
The low from where the price reacted will be POI to buy again
1.0980 >> to >> 1.104
There is little zone for creating a pullback
And if that pullback sustain and at
(1.1047 - 1.166) we can see further more upward
I'll update accordingly
Happy trading
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EURUSD: What will happen today?The data released by the European Central Bank (ECB) presents a combination of information that is not significantly impactful. Inflation has experienced a decrease, while the core rate remains stable, and prices for services continue to rise. As for GDP, it managed to avoid a decline, but growth was only minimal. Currently, market pricing suggests that the probability of another interest rate increase at the September meeting is less than 40%. On Tuesday, we can expect the release of both the final Manufacturing PMIs and the German Unemployment rate.
EUR/USD drops below 1.1000 ahead of PMIs
EUR/USD Analysis for Thursday July 27th*I meant Thursday July 27th in the video, not Wednesday.
There EUR/USD has made a nice move to the downside however there seems to be no clear area of support to initiate a trading opportunity.
The best move to make in this scenario is to stay flat and wait for a clear opportunity to initiate a trade!
Patience is the key to great trading results.
EURUSD: German Flash Services PMIThe EUR/USD has moved higher above the 1.1100 level after bouncing back from its lowest point in a week. However, it remains uncertain around 1.1130 during early Monday morning in Europe. The lack of clear direction is evident as the Euro pair defends yesterday's rebound from a horizontal support zone that has been in place for three months, currently ranging from 1.1100 to 1.1090.
This corrective pullback reflects the market's anticipation of today's preliminary readings of the US and Eurozone PMIs for July. Additionally, there is a sense of caution ahead of the European Central Bank (ECB) and Federal Reserve (Fed) monetary policy decisions.
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.
EUR/USD Analysis for the week of July 21stIn this video I go over some EUR/USD trades that I took (Losses and Wins) and how I'm looking at the market moving forward.
The EUR/USD from a daily perspective looks unclear on what it's attempting in terms of price action however, the best course of action for me is to stay flat and capitalize on the next strong trading opportunity.
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.
Staying Vigilant: EUR/USD Potential Momentum ShiftsExpert analysts from Commerzbank, Scotiabank, and ING share insights on the EUR/USD pair. As the market anticipates an ECB rate hike, caution is advised. The Euro's trajectory might pause, making it crucial to stay vigilant. Scotiabank suggests a potential bearish trend, while ING warns of room for correction in the overvalued EUR/USD. Economic concerns in the Eurozone add to market uncertainty, emphasizing the need for informed trading decisions.
The EUR/USD pair has been experiencing a bearish trend in recent days, as indicated by multiple technical indicators and fundamental analysis. Price action has shown a break below the key support level at 1.1200, suggesting a potential continuation of the downtrend.
TRADE IDEA DETAILS
CURRENCY PAIR: EUR/USD
CURRENT TREND: Bearish
TRADE SIGNAL: Sell Signal
👉ENTRY PRICE: Approximately 1.1200
✅TAKE PROFIT: Around 1.1125
❌STOP LOSS: Above 1.1250
EURUSD: Downtrend in an uptrend!The EUR/USD pair traded calmly within a range of 50 pips on Monday, maintaining its upward momentum. After meeting buyers around 1.1200 early in the week, EUR/USD fluctuated around the 1.1240 level as the US session ended.
The optimistic sentiment was partially overshadowed by warm data from China, as Q2 GDP missed expectations by printing at 6.3% YoY. Despite scarce macroeconomic calendar for the rest of the day, the US dollar remained weak, especially during the US trading hours.
Support levels: 1.1180 1.1150 1.1110
Resistance levels: 1.1250 1.1295 1.1230
EURUSD: refreshes multi-month top above 1.1200The latest minutes of the European Central Bank (ECB) meeting have been released, stating that the Governing Council may consider raising interest rates beyond July if needed. This aligns with recent statements made by President Lagarde, and a hike in July is already expected. However, data from Thursday's release showed that Industrial Production in the Eurozone only grew by 0.2% in May, falling short of the market expectation of 0.3%. The European Commission will also release economic growth forecasts and trade balance data on Friday.
EURUSD Possible HUGE Bullish Peak? READ FULL TEXT FX:EURUSD
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Welcome, traders! Make sure to follow my profile for regular market analysis. Today, we're diving into the technical analysis and forecast for the EURO versus the USD pair. So let's get started!
Here's my analysis for July 13-14 in the 1H Timeframe:
The EURO USD pair has taken off like a rocket after the release of the CPI data. The Euro's momentum seems unstoppable at the moment, and following the market trend is the only logical choice. If we take a look at the DXY, the Dollar Index, it's clear that sellers have dominated since the release of the Non-Farm Payrolls report (NFP).
The fall in the DXY continued even after the CPI data, and it broke through its last support level at 100.80. If the downward pressure persists, the DXY could head towards double-digit figures, indicating a weaker USD.
Examining the chart, we can see that 100.80 was the only support level on the DXY chart, and the price is currently trading below that level. If the fall continues and the market pressure remains, we can expect the DXY to face further challenges. The next resistance levels to watch out for are 100.1 and 100.
The situation looks quite challenging for the DXY right now, and based on the chart analysis, the fall is likely to continue. However, it's essential for traders, especially beginners, to avoid gambling with their trades. We have already witnessed several impactful news releases in recent days, and it's advisable to close all dollar positions before major news events to safeguard stop losses.
In extremely volatile markets, stop losses may not function properly due to slippage, so it's crucial to exercise caution and not take unnecessary risks with your hard-earned money.
Now, let's shift our focus to the EURO versus USD forecast.
The market structure for the EURO USD pair indicates a strong bullish trend, with the price currently near the top. In this type of market, buying on retracements should be the primary trading strategy to follow.
The fifty-day moving average is acting as a dynamic support for the market, indicating potential buying opportunities on pullbacks. However, given the current bullishness of the EURO USD pair, a significant decline might be unlikely in the short term. The next dynamic support level, the fifty-day moving average, is quite far away, around 1.060 and 1.050.
While theoretically, this level presents an ideal area for a buy position, the chances of the market coming down to this level in the near future are slim. Therefore, it's crucial to keep a close eye on this specific level and patiently wait for the market to show some downward movement over the next few days.
Considering the prevailing bullish momentum, there's a good possibility that the previous resistance level at 1.100 will now work as a support level for the EURO USD pair.
OANDA:EURUSD
If the market retraces and bounces from this level, it could present an excellent buying opportunity for traders. Therefore, it's important to keep this support level in mind and be prepared to take advantage of potential retracements. Buying on retracements remains the best trading strategy in this current market condition.
However, it's worth noting that the ideal level for a buy position, the fifty-day moving average, is relatively far away. This emphasizes the importance of managing risk strictly to protect your trading capital.
On the other hand, if the market doesn't experience a significant retracement and continues its upward move, traders can consider buying above 1.500. Nonetheless, it's crucial to adhere to strict risk management principles in such cases. When taking a buy position further away from the area of value, it's important to be cautious. In the event of a false breakout, strict risk management will help avoid significant losses. Consider using a smaller lot size to mitigate risk.
That's all for today, fellow traders. I hope this technical analysis and forecast for the EURO USD pair provided you with valuable insights. Remember, always follow proper risk management techniques and be a trader, not a gambler. Protect your hard-earned money and trade wisely.
Thank you for reading, and stay tuned for more market analysis and trading insights. Until next time, happy trading!