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EUR USD 100 pips short position By looking for the looming news, at this point, speculative interest has priced in that the US Federal Reserve will likely announce a doubling of its bond-buying program tapering. The Fed decided in November that the economy was strong enough to trim financial support, particularly as inflationary pressures remain high. The central bank announced it would reduce the pace by $15 billion a month, $10 billion in Treasuries, and $5 billion in mortgage-backed securities. On the other hand, the European Central Bank has maintained a wait-and-see stance, with President Christine Lagarde noting that a rate hike would be unlikely in 2022. I expect to see the price continuing to fall for the month of December, we can sell EURUSD now EUR-USD position 1.12877- 1.12915 sell order Targeting 100 pips 1.11960 - 1.12000 ------------- 1.13380 - 1.13400 sell limit just in case the pairs made some reversal moves in the coming news
Short
by youssefallax
7
EUR/USD Technical and Fundamental Analysis: It's all about ECB..Fundamental View This week has scheduled to see three central banks (Australian Reserve - European Central Bank - Bank of England) publish their monetary policy, regarded as literally a game-changer for the global economy. In addition to the January US NFP statistics, the first week of February begins tomorrow, Tuesday. Last week's Federal Reserve Bank of the United States provided a map and some scattered statistics, but FED didn't make any public pronouncements. However, although keeping its monetary policy unaltered at its January meeting, the US Federal Reserve turned out to be more hawkish than the market expected. As a result, there has been no change in monetary policy (why has the dollar increased). Last Friday, the US dollar's general index closed at 97.20 levels but tested 97.43, its highest level since June of last year, and it is currently trading at 97.00 levels on Monday when I am writing this analysis, the start of the week. The European Central Bank and its president, Christine Lagarde, will meet Thursday to discuss monetary policy, in contrast to other central banks that have met in the past. There is no urgent need to change the direction of monetary policy at the European Central Bank, as Lagarde has repeatedly stated that she does not expect a hike in interest rates until at least the first half of 2023 despite rising inflation in the euro region. According to preliminary estimates, inflation in the eurozone fell to 4.4% in January from 5%. In addition, the core index fell from 2.6% to 1.8%. These numbers are scheduled to be released one session before the meeting in the European session on Wednesday. This week, the euro will suffer the most against the dollar and the pound sterling due to the widening gap between the ECB and the rest of the world's central banks. EUR/USD Technical View EUR/USD is below its previous support level of the 1.1200 price zone. And from the present rate, minor trend line resistance is at 1.1200/1.1230 price zone. Suppose ECB is unable to deliver any optimistic or hawkish statement. In that case, it will be a common scenario that EUR/USD will drop again, testing its minor trendline resistance zone of 1.1200/1.1230 price zone. Strong trendline support is at the 1.1050/1.1000 price zone from the present scenario. And strong trendline resistance is at 1.1350/1.1400 price zone. It is challenging for EUR/USD to test again 1.1350/1.1400 in the current circumstance. If so, technically, it will be an excellent chance to sell EUR/USD from the strong trendline resistance zone of 1.1350/1.1400 price zone. But if the ECB doesn't convince the optimistic statement as expected, EUR/USD may break below its strong trendline support of 1.1050.1.1000 price zone. Though I am not expecting it will be accessible to break below the 1.1050/1.1000 price zone without some correction to the upside. But, if ECB delivers a too dovish statement, EUR/USD will drop below the 1.1050/1.1000 price zone and test the 1.0850/1.0800 price zone in February. Note: Both technically and fundamentally, EUR is under pressure, there is no doubt. But monetary policy is always a game-changing fact in the forex market. So unless ECB tries to convince investors, EUR/USD is not too far to test 1.1050 this week. Caution: This is not financial advice or signals. This is just my personal view and education purpose only. I am not responsible to follow me blindly. If you love this analysis, please like, comments and share.
Short
by Gold_Trading_Expert
EUR/USD breaks above trendline resistance, Buy opportunity? After ten months of declining, at last, EUR/USD breaks above the trendline resistance. After breaking above 1.1425, it confirms breaking out the downtrend. The last time EUR/USD attempted to break the trendline resistance, it failed. Instead, it created triple top resistance at 1.1380/1.1400 price. Now the triple becomes strong support. Though fundamentally EUR is also under pressure for various reasons, technically, it started its uptrend. As EUR is fundamentally under pressure, I have little doubt whether EUR/USD will continue its uptrend. This is true, and we can't ignore fundamental and technical both. However, the market and investors respect both analyses. As EUR/USD breaks and is stable above the long-term trendline resistance, it has created some room to go upside. Our first target is 1.1530, and the final target to the upside is the 1.1670 price zone, and the stop-out should be below the 1.1260 area.
Long
by Gold_Trading_Expert
EURUSD 15min Signal: Possible ShortEURUSD has been largely affected by inflation concerns. While central banks offered easing measures to combat the impact of covid19 on the economies, the risk for inflation increased. The market is still assessing the risks, which my trigger some volatility in basket of currencies. Regarding EURUSD, it may initially appear EURUSD may be positioned for corrective gains. A deeper look into the charts suggest EURUSD downtrend my resume. To have a better entry, a break below the middle line (which is a must for the setup) may pave the way for stronger weakness towards the third line, which is the target of the signal. The strategy is intentionally kept simple.
Short
by DDMARKETS
1
EUR/USD two scenarios 📉📈Good Day traders !! On this pair we have two scenarios !! Either we break the trend line and we head toward a strong level of demand zone and then we can look for a long opportunity. Second scenario if the trendline rejects the price we have to wait until we break above the next resistance and we can get an entry right during the retest of this resistance that will turn support. On the weekly timeframe we had a strong impulse that was followed by a correction and it rejected the 0.618 Fib level which is the main reason why we do expect the market to continue it's uptrend. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I will also link the previous analysis of this pair for you guys. Trade safe !!!
Long
by TheDayzen
2