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Eurusdtrend

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
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 tradingwithanthony
EURUSD END-WEEK ANALYSIS 2 UPDATE 08/10/2023 Market Update: A Shift in EUR/USD Sentiment As anticipated, we witnessed a small pullback in EUR/USD, hinting at a bearish trend resumption. However, the market structure has taken an unexpected turn. Heading into next week, I'll be shifting my focus towards long positions. Stay flexible, adapt to changing conditions, and, as always, manage risk diligently. 🚀💹 #EURUSD #Forex #TradingView #TradingStrategy THIS IS THE SAME FOR ALL THE OTHER MAJOR PAIRS
Long
by Dion-FX
EURUSD: The ECB's Villeroy said the rate cuts hinged on stable 2European Central Bank (ECB) board member François Villeroy de Galhaud has made it clear that the possibility of a rate cut by the ECB depends on whether inflation expectations are firmly anchored at target levels. Use the bank's 2%. In his recent statement, Villeroy emphasized the importance of a data-driven approach to policy-making and signaled a move away from predetermined data-based policies. Villeroy's comments came at a time when some investors were expecting a rate cut as early as March or April. However, the central bank took a more cautious stance, saying it should not be in a hurry to cut interest rates. This cautious stance is in line with the ECB's broader strategy to contain inflation without hurting economic growth. The recent rise in inflation to 2.9% in December was due to technical factors such as the base effect from previous energy prices, which had a large impact on inflation. General distribution. It is important to note that the ECB's current deposit rate is 4%, and this level is already part of the ECB's toolkit for dealing with inflationary pressures. Villeroy's emphasis on stable inflation expectations is an important indicator of the ECB's commitment to its price stability mandate. Given the latest inflation data, the ECB appears to be maintaining a cautious and reactive approach to monetary policy in the face of economic uncertainty.
Long
by Chart_MasterPro
EURUSD BUY NOW The daily chart for the EUR/USD pair shows it remains pretty much neutral for a fourth consecutive day. The 20 Simple Moving Average (SMA) maintains its bullish slope but acts as dynamic resistance around 1.0970. The longer moving averages, in the meantime, remain directionless, far below the current level, while technical indicators head nowhere around their midlines, reflecting the absence of directional interest. EURUSD BUY NOW. 1.09446 CONFIRM TARGET. 1.1008
Short
by FxJoseph_7
EURUSD Longs from 1.09200 or @1.08000 Back upEURUSD shares a similar bias with GU, but the price exhibits more imbalances and liquidity at greater distances. While there is a 50-minute demand zone near the current price, I anticipate only a minor reaction from it. My primary buying opportunities are within the 10-hour demand zone, which offers a more discounted price. Alternatively, there's a possibility that price continues its upward movement, reaching the 10-hour supply zone above. This represents a promising Point of Interest (POI) for me, where I expect price to undergo distribution before a potential sell-off. However, at the moment, I'm patiently waiting for price to accumulate within either of my demand zones to capture buying opportunities along this temporary bullish trajectory. Confluences for EURUSD buys are as follows: - Bullish pressure weakens, evident in a CHOCH and confirmed by a BOS - A 11hr demand zone below triggered a break of structure to the upside. - The market trend is bullish, aligning with this idea. - Imbalance above the demand signals 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. - Lots of imbalances lying below that need filling before price continues to ascend. P.S. Although my long-term outlook for this market remains bearish, I will be actively seeking buying opportunities for EURUSD as the dollar continues to exhibit a bearish trend.
Long
by Hassan_fx
EURUSD 4H : Waiting for today news EURUSD New forecast Trading in the euro against the dollar pair stabilizes below the level of 1.0956, so that the bearish trend scenario remains effective for the coming period, supported by the negative pressure formed by the moving average 50, waiting for stability below the level of 1.0892 to resume the bearish wave that targets the level of 1.0808 as a next station, and by breaking it, it will reach the level of 1.0744. Stability below 1.0960 is important for the expected decline to continue, with the need to be aware that the markets may witness strong and mixed trading at the time of the release of US economic data this afternoon, while the breach of 1.0956 represents a positive factor that will lead the price to try to return to the upward path and achieve new gains. The expect range trading for today it will be between the resistance line 1.0956 and support line 1.0808. Additionally ,Today News will affect on the market . resistance line : 1.0956 , 1.1012 support line : 1.0892 , 1.0808 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
2
💡 EURUSD: Forecast January 3The buyers were unable to hold the 1.10 resistance zone as the selling pressure rapidly increased, penetrating this resistance with a very strong force. It is likely that the price will continue to go down with these developments, the target is The next step will be around the lower border of the rising price channel. Trend followers patiently wait. If there is a notable price increase signal in this area, then they should consider entering new buying positions.
Short
by Stone_Haven
EUR/USD breaks out! Real or another false breakout?Hello traders, EUR/USD has finally broken out of the resistance level around 1.1020. In fact, as of now, price has breached the 1.1101 level as well. However, keep in mind that this is a low-volume trading session due to the Holidays. So, it could be a false breakout as well. A week later when normal trading volumes come back, we might see EUR/USD falling back below 1.10 again. I am watching out for potential sell entries in EUR/USD. Technically, the next major resistance lies around the 1.1267 level
by YourLazyTrader
EURUSD: The fate of the USD depends on the Fed's 2024 movesThe US dollar has been relatively stable this year, having strengthened significantly following the Fed's rate hike in 2022, but could face downward pressure in 2024 if the Fed cuts rates as expected. . The dollar has fallen only 2% against other major currencies this year, its first annual decline since 2020, supported by strong U.S. economic growth and the Federal Reserve's efforts to keep borrowing costs high. Ta. The Fed's surprising shift in stance came at its December meeting, when Chairman Jerome Powell suggested a sharp rate hike cycle that would send interest rates soaring to multi-decade highs was likely. It ended due to falling inflation. This has led to expectations for a 75 basis point (bp) rate cut next year, with the dollar weakening as lower interest rates generally make U.S. assets less attractive to profit-seeking investors. There is a possibility that Strategists are expecting a weaker dollar next year, but the possibility of an earlier rate cut could accelerate the dollar's weakness. But the strong U.S. economy could pose a challenge for those betting on the dollar. Kit Jacks, chief currency strategist at Société Générale (OTC:SCGLY), said aggressive monetary policy and growth stimulus in the US led to strong dollar strength. La, just like in the 1980s. Impending policy changes could eliminate some of these gains. The development of the dollar is particularly important given its central role in global finance. A weaker dollar could benefit the United States by making exports more competitive and increasing multinational corporations' profits when converting foreign earnings into dollars. According to FactSet, about a quarter of S&P 500 companies (INDEXSP: INX companies) derive more than half of their revenue from international markets. A December survey of 71 foreign exchange strategists predicted the dollar would weaken against G10 currencies in 2024, with most of the decline occurring in the second half of this year. The outcome will likely depend on the relative performance of the US economy and the speed with which central banks around the world adjust their policies. The European Central Bank is resisting pressure to cut interest rates to fight inflation as the euro zone struggles with a deepening economic downturn. The euro has appreciated more than 3% against the dollar this year. In contrast, Neuberger Berman's Thanos Baldas remains bullish on the dollar over the next 12 months, citing continued weakness in economies outside the United States.
Short
by Chart_MasterPro