Eur/Usd Review - Cad CPI Change of SentimentHello traders welcome back to another detailed analysis of the Eurusd currency pair. This week was bullish and quite volatile. Cad inflation news on tuesday was a catalyst in my opnion for a chnage of sentiment in the currency markets. At the very least, it sparked decent volume and a selloff in the USD.
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Eurusdtrend
EURUSD SELL THEN BUY ??Head and shoulder on keylevel + rejection on supply zone + break of trendline
the market is likely going to drop DXY also wants to go up after the drop it is possible that the price will go up again if we see a reaction on the highlighted zone on a higher time frame the martket formed a double bottom and broke neckline if the bearish scenario occurs the drop will turn the double bottom into an inverse hs which can push eur usd up
alot of economic events coming next week trade safe !!
Eur/Usd Friday Today we can observe the end of the week. Price action was uncertain this during London session. At NY open 1hr candle we recieved a candle closure above the consolidation from London session. This suggests a breakout to the upside as we mirror clean traffic candles to the left and head towards 1.08534.
If not, then it is friday and the weekly candle may pull back down into the range to end the week. At that we would be heading back towards 1.0805 with the next 4hr candle.
EURUSD: The USD fell before the PMI data, the Euro and British PThe greenback edged decrease in early European alternate on Thursday, with hazard sentiment buoyed through Nvidia`s sturdy income, at the same time as investors awaited the discharge of enterprise interest surveys. critical for locating clues approximately the fitness of the worldwide economy.
At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the dollar towards a basket of six different currencies, changed into buying and selling 0.4% decrease at 103.472, down almost 1% yr to date. this factor this week.
Strong income from AI favourite Nvidia (NASDAQ:NVDA) boosted international confidence, ensuing withinside the safe-haven greenback taking a hit, favoring greater cyclical currencies .
The dollar hit a excessive this week, however stays greater than 2% better for the yr, as investors eased competitive bets on a sequence of hobby charge cuts through the Federal Reserve this yr.
Minutes of the Fed's overdue January meeting, launched on Wednesday, confirmed that the financial institution is in no hurry to lessen hobby quotes withinside the close to future. Speeches through numerous Fed officers this week additionally reiterated this hawkish stance, with policymakers bringing up worries approximately difficult inflation.
Attention now turns to the discharge of PMI statistics, weekly unemployment statistics and, greater importantly, production and offerings PMI statistics for February, to gauge the economy's underlying strength.
“Our evaluation and statistics shows the greenback will retain to reinforce over the following couple of weeks - we've a sturdy January center PCE launch on February 29 - after which will reduced in March because of a softer payroll document and softer February CPI numbers.” ,” analysts at ING stated in a note.
Euro location offerings PMI impressed
In Europe, EUR/USD rose 0.5% to 1.0869, with the euro supported through a greater tremendous funding climate.
Manufacturing Data turns Manic 👹Welcome back traders to another Top-Down Analysis for Eur/Usd.
We can observe an increase on EU that began on Tuesday of this week. As the week has progressed we have slowly climbed up to the next Daily Level 1.088. Better than expected numbers for EURO manufacturing data has provided a nice boost of bullish momenutm and continuation for the Eurusd to the upside. However, we've now filled the clean traffic range on the 1hr/4hr timeframes that extended from 1.080. In the coming session I am anticipating a selloff away from the Daily level 1.088. We may retest the high that we've created at 1.087 but things are looking a bit manic. Either way we must remain flexible with our bias when executing Intra-day.
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 M15 / Short Trade Alert ✅Hello Traders!
This is my idea related to EURUSD M15. As the Market structure, H4 is bearish, and the trend did not set a new High, I expect a continuation of a bearish market and at the moment, I see an opportunity to execute from this price a short trade with the target below the low.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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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.
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!
sell eurusd now!!!!?hey what's up? im MSNP so today we want to analysis EURUSD chart.
FX:EURUSD we are in a trading range.
and now we broke a rising wedge or channel to down.
we below EMA and if if today candle could close like a pin bar or a good outside BO bar sell signal active.
targets are on the chart.
don't forget risk management.
hope to have good trade
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.
EURUSD can fallThe EUR/USD currency pair is currently undergoing a technical analysis that reveals a distinct trading pattern within a parallel channel. Notably, the price movement has been consistently adhering to the resistance of a downtrend. This suggests a strong adherence to the prevailing bearish momentum.
As per the analysis, there is an anticipation that the price is likely to experience further decline. Traders and analysts are observing the parallel channel dynamics closely, expecting the downward trend to persist. This analysis serves as a valuable insight for market participants, providing guidance on potential trading strategies and risk management based on the observed technical patterns in the EUR/USD currency pair.