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Eurusdtechnicalanalysis

EURUSD WILL GO UP ? DXY WEAK OR NOT ? NFP + ISM⛔️ This is a very important week for EURUSD. CPI DATA for EUR is to be issued. This is a very VOLATILE event for the Euro. Because it is a very important INDICATOR. Among them are the ISM MANUFACTURING PMI, and the US LABOR DATA. These are the most important ECONOMIC INDICATORS and these are the HIGH VOLATILIE INDICATORS. ⛔️ DXY is currently at 98.44 LEVEL. Also the EUR FEATURE stays at 1.1091 LEVEL. The EURUSD PRICE is located on the DYNAMIC S / R LEVELS. Most likely the PRICE will be SHORT TERM UP up to 1.1228 LEVEL. ⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. ⛔️ The EURUS PRICE can be UP to 1.1228 LEVEL before it becomes DOWN. Then you can DOWN to 1.0849 LEVEL. According to the LABOR DATA and ISM MANUFACTURING DATA coming out today, we can expect some change in the EURUSD. ⛔️ Currently the MARKET may be the TREND LINE SUPPORT. If you BREAK that TREND LINE, EURUSD can sell faster.
by benny_marshall
DAILY MARKET BRIEFING; EUR/USD ANALYSISDAILY MARKET BRIEFING; EUR/USD TECHNICAL ANALYSIS September 23/2021 The EUR/USD had a complete move towards the August 23rd lowest support area as negative economy reports blazed from the side of the EURO zone earlier in the last trading hours. It was not long ago when the expected interest rate hikes took charge of the market sentiment. Yet, the government speeches at the FOMC reassured the expectation of the market participants to come to a hawkish fed monetary policy, conclusion. While on the negative side of the EURO report from the fundamental economy update claims that The German manufacturing purchasing managers index (PMI) had an expansion in a report of 58.5 although the previous reading of the PMI data was at 62.5 economic analysts predicted a forecast of 61.5. The German services PMI also fell from a previous reading of 60.8 to 56.0. Also, The European service PMI went negative. According to an economy report from Reuters, The dollar chop down across the board on Thursday as enhanced risk emotion in global financial markets wiped out its gains in the previous day after the U.S. Federal Reserve flagged plans to dial back its stimulus this year. Trading recommendations, in general, the market tends to have a bullish trading bias hence the further movement of price to the upside could be welcome in the market To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
Long
by Theexcelentrepreneur
EUR/USD DAILY FOREX MARKET ANALYSIS EUR/USD DAILY FOREX MARKET ANALYSIS September/16/2021 Market eyes new support level as the economy reports around US dollar remains positive. It was reported that the US Initial Jobless Claims for august reached 330K, while the previous release was 310K, on the other hand, market players are however on the outlook for a positive US economy update. Yet after a series of consolidation price action movements in the market structure in the earlier trading sessions, the EURO /DOLLAR pair finally heed to the calling of the bears. Unlike most advanced traders the next question that'll be on your minds will be where to be the next point of exit and the most suitable for stopping loss. From a technical analysis standpoint, it should be noted that the total cost in driving the price of the market against August 13 highest demand zone will cost a total of 946pips, whereas the magnitude of the bears about the positive economy prediction for the greenback would likely foster the bearish action of the EUR/USD market. While looking at the market In terms of indicator analysis the below observations can trigger the trading decisions of market participants 1. Price is currently below the 200 and the 50MA hence signify a bearish trading bias. 2. Average true range indicates strong volatility in the range of the bear candlesticks. 3. RSI indicator approach oversold condition hence a few retracements in price to the upside could help to stabilize the condition of the RSI, And thus traders will have more reasons to enter into the market at the best moments. To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
Short
by Theexcelentrepreneur
1
EUR/USD TECHNICAL ANALYSISEUR/USD TECHNICAL ANALYSIS September 2/2021 Dollar weakens against the Euro causing the bulls to dominate the EURUSD currency market. So far this week trading session as recorded a bullish gain of over 95% twice larger than the previous week trading profits. Market participants are however the key factor behind the bullish moves that was recorded in the market. And apart from the traders reactions to the positive price action. market volatility was said to have sky rocket during the trading sessions. In general support and resistance level were closely observed as they determine the Main area of value for taking a position, and for the case of EUR/USD Support and resistance level has indeed make trading decisions a lot easier. While going down to the market analysis in terms of technical and indicators analysis you will clearly see that on the 4 hr time frame market has been displaying a continuous bullish flag indicating that the bulls are in charge of the market. Yet it should be noted EUR/USD price is aiming a target towards bringing price to the July 20 most recent highs. Hence market participants are in response to it actions. In addition to this, if price should hit this level forex traders must be ready to take their profits because at this point the market will be in an overbought condition, likewise the RSI indicator is presently above 60. Trading recommendation EURUSD is likely to be facing a resistance at 1.18812 hence a good trading decision will be to close any position upon reaching this level. To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
Long
by Theexcelentrepreneur
EURUSD analysiswith relation to USDCAD analysis (check recent post) can see a steady bullish sequence as price creates from recent impulses - structure - continuation price is currently ranging and new opportunities are presented at the bottom/top of these ranges like USDCAD, there is no reason in why price cannot reach recent lows (an alternative scenario) - as of why patience is key simple presentation - the deeper meaning is within the waves - mind games many blessings ahead! good vibes only anticipate - react - execute cheers
by justdame