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Eurusdtrading

EURUSD The Potential price movement while we get close to X DATEThe market is currently going through a period of uncertainty. The market is very optimist about the Debt Ceiling agreement. This is definitely going to be a Catalyst this week and half of the following week. If the agreement is seal we could see a strong dollar. This trading idea is based on what is the price doing in Daily time frame. Also taking into consideration the Catalyst. In Daily time frame we have a price trending down. The price already stablished the last Lower High with a three-formation candle. The Price already gave us a nice move to the downside. The next point of entry could be at the price inefficiency of the third candle of the three-formation candle. Which is the zone that is presented in this trading idea. The 1st take profit is based on important level of liquidity. The 2nd take profit is based on -.272 fib level and the 3rd take profit is based on important level of liquidity that is in confluence with the -.618 fib level. It is important to know that the market will be very sensitive with any important update about the debt ceiling.
Short
by Wiiso
2
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 - 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: Will give 2 opportunities to buy. See where it's invalidThe EURUSD pair is approaching the 1D MA50, which has been untouched since March 24th, turning the 1D technicals neutral (RSI = 46.058, MACD = 0.003, ADX = 24.906) for the first time in almost 2 months. This is the first buy entry on our strategy with the second being on the 1D MA100, which held on March 8th and 15th and started a rally all the way to the top of the Channel Up. On both entries, our target will be the top of the pattern again (TP = 1.1100). This buy approach is negated if 1D closes a candle under the 1D MA100, which didn't happen in March. In that case we will sell and target the bottom of the Channel Up (TP = 1.0600). There hasn't been a closing under the 1D MA100 since November 9th 2022. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
2
EURUSD: Buy EURUSD is currently in a relatively obvious downward channel. Today, the lowest fell to around 1.094. This is also the starting point of the last rise. There was support. It rebounded to around 1.098 and then fell back. From the trend point of view, it has not yet stepped out of the downward channel, but here A pattern similar to a double bottom appears. If it can get support around 1.096, it will try the resistance around 1.098 again. The probability of breaking through is relatively high. The upper target is around 1.10, so my trading signal is to go long. Trading Signals: buy: 1.096-1.095 tp: 1.099 sl: 1.094 sell: 1.101-1.103 tp:1..099 sl:1.103 Traders, I hope my signals can bring you profits, if you like my views, please support me and follow me!
Long
by Roey_
2
EURUSD Forecast Navigating Supply and DemandIn our previous EUR/USD technical outlook, we discussed the possibility of the 1.0851 supply level turning into a demand level. On 10th April 2023, the price rejected this level, setting the stage for a push higher. Chart Analysis: EUR/USD Resistance and Support The daily EUR/USD chart shows the price reacting off the resistance zone around the 1.10422 level, with a support zone at 1.09098. If this support is invalidated, we can expect the price to test the next support at 1.07088. The 4-hour chart reveals a bearish divergence, and the 1-hour chart indicates a potential pull-back with the MACD below its zero line. Economic News Impacting EUR/USD The Euro will be affected by the ZEW economic sentiment and higher Euro Area inflation in the coming week. These factors, alongside hawkish ECB rhetoric, may impact the EUR/USD pair in the short term. The currency pair recently hit a yearly high of 1.1075, but a consolidation period may be needed before further upward movement. Stay updated on the latest EUR/USD news and analysis by checking out real-time rates, interactive charts, and expert insights. Upcoming Economic News Keep an eye on the economic news scheduled for the week, including: Mon, Apr 17: USD Empire State Manufacturing Index & EUR ECB President Lagarde Speaks Tue, Apr 18: EUR German ZEW Economic Sentiment Thu, Apr 20: USD Unemployment Claims, USD Philly Fed Manufacturing Index, USD FOMC Member Waller Speaks, and USD Existing Home Sales Fri, Apr 21: EUR French Flash Manufacturing PMI, EUR French Flash Services PMI, EUR German Flash Manufacturing PMI, EUR German Flash Services PMI, EUR Flash Manufacturing PMI, EUR Flash Services PMI, USD Flash Manufacturing PMI, and USD Flash Services PMI By monitoring technical analysis and upcoming news, traders can make more informed trading decisions in the EUR/USD market.
by ClintOnos
EURUSD POTENTIAL SHORT FORMATION IN PROGRESSWe have been looking at this pair since the end of Feb. We have been waiting for the price to form a strong bullish pullback. This is opposite to the overall bigger time frame trend, which remains largely bearish. How the price is currently setup has given us the potential to trade in the direction of the bigger time frame bearish trend which will give us a good risk reward trading opportunity. We have listed two reasons for the potential end of the bullish bull back below: 1: Trendline breakout 2: Rising wedge breakout. We are still waiting for two more reasons below to form before we can start looking for entries. These reasons have been listed below: 1:Break out of the key level which signals a change from bullish to bearish market structure. 2: Retest of key level.
Short
by NDOBObanks
EURUSD: entry Sell!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ Despite expectations of a decrease in inflation, its unexpected rise is a setback rather than a sign of a renewed acceleration in inflation. Our forecast still predicts a primarily decreasing trend in inflation, but it will take years to reach the Fed's target of 2%. This means that the US will have higher rates compared to other regions, even if the eurozone experiences higher inflation (anticipated at 8.2% this week) due to the ECB's more cautious approach and its lower terminal rate compared to the Fed's. This historical trend also indicates that the dollar will remain strong for an extended period, possibly throughout the year. Note: Note: Full TP, SL for winning the market and safe trading!
Short
by Sphyn-Trader
1
EURUSD: Europe is in a great stress!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ Europe is currently experiencing its largest energy crisis in recent history, with the duration of the crisis remaining uncertain. The situation is expected to be challenging for Europe for a minimum of two to four years, unless there is a significant alteration in the circumstances leading to the crisis. The primary cause of the crisis is Russia's war against Ukraine, which is impacting the European economy in various ways, including increased prices for energy and food, as well as geopolitical instability. This instability could result in third-party efforts to alter EU borders. Note: Note: Full TP, SL for winning the market and safe trading!
Short
by Sphyn-Trader
1
EURUSD H1Hello traders, EURUSD is setting up for a downside move, i am currently waiting for price to break the downside support level which is also possible to become head and shoulder neckline. If price break that area and give me a beautiful retest i will be looking for a short position opportunity, in case price doesn't break the support level or neckline of head and shoulder and give me a impulsive break to the upside red trend line i will be looking for a short term long position opportunity up to previous high, this is my view about EURUSD. watch EURUSD according to your own trading strategy and look for a short position opportunity for a short term trade setup after breakout of support. If price go to the upside without hitting the support level then i will be let it go and this setup will be invalidate. This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis. I wish you good luck in trading.
Short
by TheLoserMan