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Eurusdtechnicalanalysis

EURUSD: Clings to multi-day low!Hello traders, some information to help you trade better is here. The EUR/USD experienced a consecutive drop, resulting in the lowest daily close in two months, due to the US Dollar's increasing strength. The Greenback was supported by higher Treasury yields and risk aversion. Any recovery seen during the European session was short-lived, and the pair returned to trading near 1.0750. Economic data released on Wednesday revealed that the German IFO Business Climate Index dropped slightly to 91.7 in May from 93.4 in April (revised from 93.6), contrary to the market expectation of 93. However, this report did not have any impact on the Euro. On Thursday, a new estimate of Q1 GDP will be released by Germany, which is expected to remain at 0%. According to the FOMC minutes, officials had differing opinions on the future of interest rates. Some members believed that more rate hikes were necessary, while others argued against further policy tightening. Overall, there was uncertainty about the appropriate amount of policy tightening. The US Dollar experienced a slight weakening after the minutes, but still maintained most of its daily gains. Market sentiment deteriorated further amid a gloomy growth outlook and the debt-ceiling drama. Negotiations continue in Washington but no deal yet. On Thursday, economic reports due in the US include Jobless Claims.
Short
by Sphyn-Trader
1
EURUSD: The return and new position of EUREUR/USD dribbles below 1.0800 amid lackluster US debt ceiling talks, focus on ECB’s Lagarde, Fed Minutes The EUR/USD pair resumed its downward trend after a brief recovery, touching last week's low near 1.0760. The US dollar is performing better than the Euro, leading to a bearish bias for the pair. Despite optimistic statements from the European Central Bank (ECB), weak data from the Eurozone has failed to boost the common currency. Preliminary PMIs from May showed a decrease in the Manufacturing index, while the Service index managed to stay above market consensus. Inflation indicators improved slightly, but the Services sector's inflation rose, which is something that ECB officials have recently addressed. Germany's Manufacturing Index fell to a 36-month low, whereas the Service Index unexpectedly rose to its highest level in 21 months. Plan trade in the intro
Long
by Sphyn-Trader
1
EURUSD: Russia is going to get rid of the Euros in their wealth.Russia announced that they were going to remove euros from their National Wealth Fund… This is not good news for euros folks… The Russians held over $11 Billion in euros… Hopefully, they will go about this in an organized and slow manner as to not move the markets wildly… But taking into consideration how much damage the European Union has done to the Russian economy, with their sanctions, could you blame the Russians if they decided to unload all euros on the markets and let them take their punishment? I’m just saying
Short
by Sphyn-Trader
EURUSD: Next goalFundamental Overview Despite the bets for more rate hikes by the European Central Bank (ECB), the shared currency, EUR/USD, is not getting any respite. ECB President Christine Lagarde has warned that stubbornly high inflation needs to be curbed, and there are factors that can cause significant upside risk to the inflation outlook. However, this announcement does not impress investors or support the EUR/USD pair. Investors are now waiting for the ECB Bulletin for some impetus, while keeping an eye on Fed Chair Jerome Powell's appearance later this Friday. EUR/USD holds gains above 1.0800 amid weaker US Dollar, yields Plan trade in the intro
Long
by Sphyn-Trader
3
EURUSD: downtrend!Technical Overview The EUR/USD has been showing a negative trend since May 5, and Monday's slight improvement has not changed this trend. The immediate resistance level is at 1.0900, which is a horizontal level and the EMA-34 in 4-hour charts. If the Euro manages to go above this level, it could reduce the bearish pressure. However, to change the short bias from bearish to neutral/bullish, it must cross the downtrend line that is currently at 1.0950.
Short
by Jiren-SphynChannels
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - As of last day, the MARKET SENTIMENT for EUR was slightly on the DOWN SIDE. The main reason for that is that the dollar started getting stronger because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - Definitely, according to the market structure, EURUSD can go down to the support level of 1.0756 below. At the moment, there is quite a down side bias in the market for EUR. - After that EURUSD can go up to 1.1200 LEVEL according to the structure. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going DOWN, there will be more EURUSD SELL. So keep an eye on it.
by benny_marshall
EURUSD: Entry sell!Fundamental Overview Mario Centeno, a member of the ECB Governing Council, stated on Wednesday that the policy will continue to be strict for a while longer but indicated that interest rates ought to begin to decrease at some point in 2024. According to Bloomberg, some members of the ECB are suggesting that a rate increase may be necessary in September. This situation implies that there will be rate increases in both June and July. Predicting continuation of downtrend
Short
by Sphyn-Trader
3
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - University review euro market operates without sentiment. And connecting online, it is possible to create a positive feeling with positive emotions. NFP report. FOMC mobile phone. Increase the feeding rate and increase the ceiling rate. Necessary meeting is underway to monitor federal inflation data. - Market structure EuroUSD review 1.0836 support level review. There is a market bias for the euro university market. - EURUSD 1.1200 level structure online. Market sentiment shares and commodities sell below EURUSD. So pay attention to it
by benny_marshall
EURUSD: Your good position buy!Fundamental Overview Largade & Co's assessment that present financial conditions do not demand an immediate liquidity response is a favorable viewpoint. The policy rates in the rates and FX markets have a clear direction of travel, but it is now reliant on certain conditions. It is improbable that the policy rates have already reached their maximum point at 3.00%, which indicates that the EURO may strengthen on the crosses and possibly escalate on the FED pause. Plan in the intro
Long
by Sphyn-Trader
1
EUR/USD Maintains Auction Area above 1.1000 Amidst Risk-On MoodThe #EURUSD pair is currently trading in a sideways trend above the critical support level of 1.1000. The US Dollar Index (DXY) is also looking vulnerable above 101.20, indicating a possible uptrend for #EURUSD. Last week, the European Central Bank (ECB) announced an interest rate hike of 25 basis points (bps), and the ECB President, Christine Lagarde, kept the doors open for more interest rate hikes. This announcement has a comparatively more hawkish bias than the Federal Reserve (Fed). The US Consumer Price Index (CPI) data, which is expected to release on Wednesday, is the focus for investors after the United States Nonfarm Payrolls (NFP) report. Annual headline CPI is expected to soften to 4.4%, while the core CPI is seen accelerating to 5.8%. The #EURUSD pair has formed a Double Top chart pattern, which will get triggered only after slipping below the immediate support of May 02 low at 1.0942. However, the pair is showing signs of an upside momentum as the Relative Strength Index (RSI) (14) has shifted into the 40.00-60.00 range. TRADE IDEA DETAILS CURRENCY PAIR: #EURUSD CURRENT TREND: Sideways TRADE SIGNAL: ↗️Buy 👉ENTRY PRICE: 1.1035 ✅TAKE PROFIT: 1.1185 ❌STOP LOSS: 1.0942 #EURUSD #USCPI #ECB #InterestRateHike #DoubleTopChart #Inflation
Long
by RichDadph-FX
EURUSD Technical Analysis and Trade IdeaTaking a look at the #EURUSD currency pair, we can see that it has dipped into a support zone just before the New York session opens. On the 4H time frame, there is evidence of a lower high and lower low formation. Consequently, I am anticipating a retracement upwards towards resistance levels to identify a chance to short this. Please note that the video contains a detailed explanation and should not be regarded as financial advice.
Short
by fxtraderanthony
EURUSD: Buyer's next direction!Fundamental Overview The Euro currency is being strengthened by the anticipation of future interest rate hikes by the European Central Bank. Despite a drop in inflation, the ECB's Philip Lane stated that keeping interest rates at their current level would not be appropriate. As a result, the market's response to the recent release of German consumer inflation figures is expected to be subdued, but a higher CPI could slightly improve the EUR/USD pair. Expect EURUSD to continue to rise in the near future! Plan trade in the intro ♥
Long
by Sphyn-Trader
2