EURUSD Pair : EURUSD ( Euro / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
Break of Structure
RSI - Divergence
Completed " 1234 " Impulsive Waves
Eurusdtradeidea
EURUSD Technical Analysis & Trade IdeaThe EURUSD exhibits a bearish bias on higher timeframes. The weekly chart reveals a clear break of market structure to the downside followed by a retracement. Drilling down to the daily timeframe, the retracement has taken out previous buy stops, further supporting a short bias. A short entry at the current level appears viable, with a stop-loss placed above the recent high and targeting previous lows. This setup presents an intraday or swing trade opportunity.
Important Disclaimer: This analysis offers a technical viewpoint and does not constitute direct financial advice. Before initiating any trades, conduct your own comprehensive research and apply appropriate risk management strategies.
EURUSD Long limit setupEURUSD is finally leaving a bearish trend and trying to becaming bullish. Dollar is strong, but i expect weakness in the next days. I placed a long limit order at support zone at 1.0785 but i am also entering long now, target resistance area at 1.09
Trading Through Turbulence: EUR/USD Strategies Amid U.S. Fiscal The current economic indicators, alongside commentary from key Federal Reserve officials, suggest a cautious approach towards the EUR/USD pair. With the U.S. showing no immediate intent to cut interest rates due to a robust labor market and unresolved inflation targets, traders should prepare for potential dollar strength and volatility in the currency markets. The anticipation of a "hard landing" for the U.S. economy further complicates the landscape, warranting a strategic approach to trading the EUR/USD pair.
1. U.S. Interest Rate Outlook:
Federal Reserve Bank of Atlanta President Raphael Bostic's recent statements highlight a significant resistance to cutting interest rates in the near term. The robustness of the U.S. labor market and the economy, coupled with inflation not convincingly on track to meet the 2% target, suggests that the dollar might remain strong. Bostic's remarks underscore the uncertainty surrounding inflation, indicating that the Fed is not yet convinced that inflationary pressures are sufficiently under control to warrant a change in monetary policy. This stance is crucial for EUR/USD traders, as interest rate expectations are a primary driver of currency movements. The Fed's cautious approach may bolster the dollar, creating resistance against EUR gains.
2. Market Reactions and Treasury Movements:
The reaction to Bostic’s comments was immediate, with Treasuries falling and holding their decline, reflecting market adjustments to the expectations of continued strong U.S. monetary policy. Conversely, Jupiter Asset Management's move to increase its Treasury holdings to a record suggests a hedging strategy against a potential economic downturn. For EUR/USD traders, these dynamics indicate a flight to safety and potential volatility, with a strong dollar scenario possibly prevailing in the short term.
3. Equity Market Inflows and Implications for the Dollar:
Significant inflows into global equity funds, especially following substantial sell-offs in U.S. stocks by Japanese and Chinese funds, hint at a complex investment landscape. The S&P 500 and Nasdaq futures' rise indicates investor optimism or speculative positioning, potentially impacting the dollar by influencing risk sentiment. For the EUR/USD, this could mean short-term bullish signals for the dollar, especially if equity market strength translates into confidence in the U.S. economy.
4. Inflation Concerns and Labor Market Strength:
The anticipated high CPI and potential for a similarly high Producer Price Index (PPI) could extinguish hopes for an interest rate cut, further strengthening the dollar. The persistent strength of the U.S. labor market suggests that inflation may not be easily tamed, reinforcing the Fed's cautious stance on rate cuts. For EUR/USD traders, this means monitoring U.S. economic indicators closely, as signs of sustained inflation or labor market overheating could prompt adjustments in trading strategies, favoring the dollar.
The EUR/USD trading environment is marked by uncertainty, with a robust U.S. economy and unresolved inflation concerns suggesting a cautious approach. Traders should remain vigilant, adapting strategies to navigate potential volatility and the implications of U.S. monetary policy on currency movements.
EURUSD Potentially BullishFX:EURUSD has broken out of an area of interest, once I see a retest of that zone (1.07900) and it holds as a new found support, I will be going in for a long.
#EURUSD May just have the capacity to hit 1.10374
Do your due diligence
EURUSD H4 TIME FRAME BREAKOUTEurusd is now breakout blue trend line we have best buying opportunity for long term
hold long term holders can trade dont miss this opportuinity for traders or investorts
stay tuned for more updates
EurUsd - Long Term ChannelHello Traders, welcome to today's analysis of EurUsd.
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Explanation of my video analysis:
Starting in 2008 EurUsd has been trading in a descending channel for more than 15 years. At the moment EurUsd is retesting the upper resistance of the channel so a move lower is quite expected. Furthermore EurUsd is also retesting previous support which is after the break towards the downside turned resistance so everything is pointing towards a next move lower.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
EURUSD TRADE SETUPFor now, we are at a point where price direction will all be determined with the closure above or below.
We looking to trade EU this week:
Overall Market Direction: Long term bearish structure
1. Potential push above or below current structure to show direction
2. Once we get clean body closures, I will then use Confirmations at these areas for continuations
EUR/USD Imminent Shorts towards 1.06800My analysis on EUR/USD mirrors that of GBP/USD, as it has entered a significant supply zone where I anticipate a bearish reaction. Given the abundance of liquidity and the temporary bullishness of the dollar, this scenario appears plausible. Therefore, I'll be monitoring for a redistribution pattern on Monday before considering initiating sell positions.
I acknowledge the presence of considerable imbalances above, which could prompt price to rise and potentially reach the supply zone in scenario (C). However, my overall expectation for EUR/USD is a downward movement towards 1.06800.
Confluences for EU Shorts are as follows:
- Price left a clean 3hr supply zone which price is currently re distributing inside.
- Price has been moving bearish regarding the recent break of structure to the downside.
- DXY is also been moving bullish so it backs the EU downtrend.
- Lots of liquidity to the downside like trendline Asian lows and swing lows.
- The overall trend of this market like the monthly still shows its a bearish trend.
P.S. I'm currently leaning towards a pro-trend stance with this idea, primarily because of the recent downward breaks in structure. Additionally, there are few demand zones in proximity to the current price, suggesting that price may decline to sweep that liquidity.
HAPPY TRADING AND REMEMBER ITS USD BANK HOLIDAY MONDAY!
EURUSD WEEK ANALYSIS 16/02/2024A move to the downside seems reasonable when it comes to trend following
EURUSDPair : EURUSD ( Euro / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
Break of Structure and completed the Retracement
Lower Low - Lower High
Rejection from Resistance Level and Fibonacci Level - 38.20%
EURUSD PRICE ANALYSIS So far so good the trend of this trade on the daily is an uptrend. But price has re-traced with a short bearish for some time now, although this has been the case my bias still hasn't changed for this trade. I've gone long with my SL 1.06742, Tp1 1.10911 and Tp2 1.12494. pls note risk management is important for all trades regardless of how pure a trade may look.
SHORT IDEA 3RR / EURUSD / 15th FEB 2024- I believe the price will present a bearish session.
- Price has performed so far a London Judas Swing.
- Price has made the initial high at 25% of the PWR.
- Asia’s RELs are my first target.
- PDL is my target for the day.
PRE CPI Trade Idea / 13th Feb 2024 - CPI session.
- I have no bias for this session due to CPI.
- I expect to see a bearish session targeting Asia’s RELs and PDL.
- PWL and equilibrium of the monthly FVG would be my perfect target.
EURUSD: The USD remained stable as the market waited for US inflThe US dollar remained steady on Monday, with limited trading activity due to the holiday in major markets in Asia. Investors are awaiting the release of US inflation data, which is expected to play a key role in shaping the Federal Reserve's interest rate decisions. Upcoming US Consumer Price Index (CPI) data for January, scheduled for release on Tuesday, is in particular focus as it could provide insight into when the Fed may consider cutting interest rate.
In currency developments, the euro fell slightly to $1.0778, falling back from a 10-day peak reached early in the trading session. This follows a modest rebound last week following a period of contraction throughout 2024. Fourth-quarter euro zone economic growth data, due on Wednesday, is expected to provide provide additional signals for the direction of the currency.
EUR/USD SHORT "FOLLOWING THE STRUCTURE"we are marking structure on 4h tf. eur/usd is making lower lows and lower highs indicating a downtrend and marking resistance on 4h tf. when London opens at 3 am EST 30m and 1h close below resistance. we are taking a short entry there. we have CPI, PMI, retail sales and multiple fed member speaks. monitor economic events closely and manage your position.
EURUSD Day Analysis | BUY SetupHello Traders, here is the full analysis.
I think we can soon see more up from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
EURUSD Swing Buy Trade with a good Reward.
We have a 4 Hour Loop in Upward direction, We have a 4H Source Demand and a Fresh 4H Supply formed as Destination Supply giving us the Demand Supply Equilibrium Curve as follows.
After reacting to the Source Demand Price has started respecting Demands and violating Supply areas. hence this is a New Position with an Amazing reward to Risk ratio.
EUR/USD Shorts from 1.08700 back down. Pro trend idea.My bias on EUR/USD has shifted to bearish following the upward movement of the dollar (DXY). With EU breaking structure to the downside, confirming the bearish trend, I'm now exploring strategies to capitalise on this. Currently, I anticipate a pullback in price to fill the imbalances just below the 20-hour supply zone (A).
However, considering the distance from that supply zone, another scenario (B) may unfold. This involves price descending further to sweep the relative equal lows and reach my 19-hour demand zone. Subsequently, I foresee a bullish reaction prompting a reversal in price direction.
Confluences for EU Sells are as follows:
- Price left a clean 20-hour supply zone that caused a break of structure to the downside.
- The overall trend for this market is bearish.
- The dollar (DXY) is also moving bullish so it aligns perfectly.
- Imabalnces below the supply that needs to be addressed.
- Lots of liquidity left to the downside in the form of equal lows and Asia Lows.
P.S. With the dollar also breaking structure to the upside, it complements this bias effectively. However, I'm not exclusively committed to one direction; I also entertain the possibility of price declining further to signal a bullish trend. We'll have to observe how price unfolds.
Happy trading people!
EURUSD Will Grow!EUR-USD fell down but
Has reached a horizontal
Support of 1.07361 from
Where I think we will
See a bullish rebound !
EURUSD: The US interest rate outlook is the main weight for currMost Asian currencies fell sharply in the past two sessions, as the market began to reassess the possibility of the Fed cutting interest rates soon. Higher interest rates for longer reduce the appeal of risky, high-yield assets and also limit foreign capital flows into regional markets.
Powell's comments late Sunday reiterated the Fed's earlier message that the economy's resilience gives the bank more room to maintain a restrictive monetary policy. This caused traders to largely abandon expectations that the Fed would start cutting interest rates in March or May.
CME's Fed Rate Tracker shows an 83% chance the Fed will hold rates steady in March and a 35% chance the Fed will hold rates steady in May, up significantly from a 9th chance. 9% was seen last week.
Will FOMC cause a EUR/USD rush?We’re coming down to the last hour stretch for the trading day (depending on your location, I’m in New York so closing time is 5:00 P.M. (1700)
As indicated in my previous idea for the EUR/USD, it has been a pretty slow decline for the past 10 days however; it is still wedged in, in terms of a still valid falling wedge pattern.
If the daily candle closes with a gain, that signifies a strong indication of a bullish move but the question is, if the bulls decided to run, how far will the up move be?
If targets are at the pattern projection, we’re looking at 1.0900 minimum which is in the same area at the main pivot zone.
If sellers come pouring in, then I’d project a move down to at least 1.0750. With FOMC on the horizon, I wouldn’t be surprised if price whipsawed to stop many traders out before actually making any significant move.
From a purely technical point of view, we’ve got a falling wedge with what is now a more prominent “hidden” MACD divergence.
Long term, I’m bullish on the EUR/USD due to a large bullish pattern that can be observed on both the Monthly and Quarterly time frames.
Projected long term price targets are 1.1500 followed by a second target of 1.2000
We shall see tomorrow with FOMC and NFP Friday morning.
Trade safe and manage risk.
EURUSD Trade IdeaWe can see that the EURUSD has been under pressure lately. It is currently trading down into a key support zone as shown on the chart. Previous 1D lows are the draw on liquidity. I'm anticipating a retrace and looking for a potential sell opportunity if we see a move into the 50-61.8% Fibonacci level. T1 at previous low and further targets would be a bullish order block at the extended 50% level on the fibo.
