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Eurusdtradeidea

EURUSD Looking BullishIn our examination of EURUSD, it's crucial to emphasize the existence of a double bottom pattern. This pattern, combined with robust support observed within the Fibonacci levels ranging from 0.5 to 0.6, amplifies the importance of the current scenario. It indicates a compelling scenario for a potential upward trend, potentially leading to a substantial gain in pips. Keep an eye out for further updates, and as customary, approach your trades with assurance.
Long
by HUMCRYPTOCLUB
EURUSD: The ECB's policy decision is the highlight of today's ec The dollar rose slightly early in the day after being mixed in yesterday's trading. Rising Treasury yields of late have supported the greenback. US stocks also saw late declines, although technology stocks again outperformed as the Nasdaq index closed up 0.4%. The S&P 500 managed to rise 0.1% while the Dow closed down 0.3%. US futures are currently flat. In the bond market, the 10-year bond yield in the US decreased 2 basis points to 4.158%. ECB President Lagarde will continue to speak based on the data but traders will keep an eye out for any unexpected comments from her. The market prices the ECB's ability to cut interest rates in April at 72% and expects 127 basis points of interest rate cuts this year.
Long
by Chart_MasterPro
EURUSD: Euro outlook next weekNext week, the ECB's monetary policy meeting will be held on Thursday, and important economic indicators from Germany will also be announced, so the euro may fluctuate significantly. This week, a number of central bank officials spoke out against overly optimistic markets about a rate cut in 2024. Next Thursday's ECB Governing Council meeting is likely to be too early for ECB President Christine Lagarde to start setting a concrete schedule for interest rates, and markets will wait until the next Governing Council meeting on May 7 for more information. would have to. Next week will see the release of the German and European PMI reports, the IFO annual report and the German Consumer Confidence Index. This data should be closely monitored as the German economy remains weak. EUR/USD broke out of a channel pattern on Tuesday and is currently trading below the 200-day SMA of 1.0850. The current support level for this pair is 1.0787, but resistance areas at 1.0950 and 1.1000 are also observed.
Long
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 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: 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 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 fxtraderanthony
EURUSD Longs from 1.08000 back upCurrently, EURUSD has been in a prolonged range, gathering significant liquidity. Given the current state of equilibrium, I am not actively seeking trades at this moment. However, I anticipate a potential move to unfold, continuing the bullish trend. For now, I will be patiently waiting for a breakout before considering any trading opportunities. There is another plausible scenario where price breaks above to mitigate the 10-hour supply zone, leading to a bearish reaction. This possibility is valid, considering the imbalances just below that need filling and liquidity that requires sweeping. My confluences for EURUSD buys are as follows: - A 10-hour demand zone below triggered a new CHOCH to the upside. - The overall short-term trend is bullish, aligning with this idea. - Imbalance above the demand signals a favourable reaction at my POI. - Abundant liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. - I also expect the dollar to keep dropping indicating that EU will keep going up. P.S. As price is still considerably distant from any nearby Points of Interest (POI), I am content to wait patiently and refrain from taking any immediate action until price triggers one of the levels I am monitoring. Have a great trading week ahead!
Long
by Hassan_fx
6
EURUSD: Swing Sell Coming in| have a patience for it to happen|FX:EURUSD overall EU remain bearish after it rejected at previous high, EURO failed to gain control even after DXY plummeted, looking at the chart in 2 hour time frame, we expected price to rise up to fill the liquidity void and in that area we think there is huge amount of interest from sellers side. what do you think of EURUSD do you think it will drop? Please like and comment your views let's discuss different bias.
Short
by Setupsfx_