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Eurusdtrend

💡EURUSD: under pressure from the US economyThe USD index stabilized at approximately 106.57, with investors analyzing the potential implications of recent positive economic data in the United States on the Federal Reserve's stance on interest rates. Data released on Friday revealed an increase in U.S. consumer spending in September, driven by higher purchases of motor vehicles and increased travel, which is expected to continue supporting economic growth in the final quarter of the year. According to the CME Fed Watch tool, despite the prevailing anticipation that the Federal Reserve will keep interest rates unchanged in its upcoming policy decision later this week, the market is factoring in approximately a 19% probability of a rate hike occurring in December. "The geopolitical situation in the Middle East remains a significant concern for the financial markets," commented Chris Weston, head of research at Pepperstone. In currency markets, GBPUSD experienced a marginal decline of 0.02% to reach $1.21195, while EUR also saw a similar 0.02% decrease, bringing it to $1.0563.
Short
by Stone_Haven
2
EURUSD: ECB pauses interest rate hike as inflation shows signs The European Central Bank (ECB) declared that it will no longer be increasing interest rates as a result of a decrease in lending and declining inflation. Boris Vujcic, a member of the ECB Council, made the statement on Croatian state media, HRT1. President Christine Lagarde's ECB recently halted its extraordinary tightening campaign, keeping interest rates steady for the first time in almost a year. The inflation rate for the euro zone is expected to drop to 3.1% this month from its peak of 10.6% in October 2022. Recent estimates of the economy's growth are in line with the ECB's 2% target. Commercial lenders have quickly changed the interest rates on loans and mortgages in reaction to these developments. Saver, however, feels less of an influence from these adjustments.
Short
by TrategySherpa
EURUSD BUY FROM STRONG SUPPORT ZONE!!!HELLO TRADERS,, As i am watching this pair is currently trade as we had analysis in our previous chart which is attached in comments and successfully achieved given Tp's now i am expecting euro will drop more till the weekly support zone as we know the ECB Interest rates of Oct noting changed and ECB President Christine Lagarde had a dovish speech in previous week for euro so we are expecting more downside to the strong support zone ahead and then we will get buying trades from that zone with a very low risk and looking for higher rewards This is just Trade Idea kindly share Ur thoughts on EURUSD Pair it will help traders community we appreciate Ur loves and support Stay tune with Us for more updates
Long
by APEX_TRADING_ACADMEY
1
EURUSD Trades Looking For Long, But Daily is Down.{25/10/2023}Educational Analysis says EURUSD may go long according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why long? Broker OANDA. After a downtrend on the daily timeframe, A 4-hour time frame looks promising up to the recent lower high, Long setup after eating stop loss from Short Sellers, Because EU fair value gaps are unfilled in a 4-hour time frame. The last Analysis is jointly connected in this updated one. So, trade is already on with RR is 1: 4.45 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. Happy Trading, Fxdollars.
Long
by VishalBudhrani
EURUSD getting weakerWeekly key level around $1.07. In long term EURUSD buyer seems like not so interested, as the choppy movements showing on H4. Minor resistance is so close between the H4 waves indicates weak buyer, the movements almost flat. Strong movements is when the price move rocketing steep no retracement with small "pause" which SMC trader usually called them as "rally base rally" or RBR. But since the 1st wave after H4 "choch", there is no "RBR" formed in H4 structure. Even inside H4 waves showing price have to build some other smaller waves to keep push the price up. Now it's in 4th waves. If observe carefully, it's build up rising flag pattern which usually the sign of downtrend will continue. I expecting will massive drop after 5th waves complete. If Euro "want" to still continue upward, then it need strong fundamental data to support it to go beyond key level $1.07.
Short
by UnknownUnicorn33119711
EURUSD Long Term Buy Trading IdeaHello Traders In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
EURUSD: EUR/USD recovered to 1.0600 as USD reversed to declineEUR/USD was pressured in the European session by the conflict in the Middle East and the broad recovery of the USD and US government bond yields. The next key event is the EU Consumer Sentiment Report. EUR/USD is currently rising for the 3rd day in the past 4 days and is above the 20-day MA. Technical indicators on the daily chart show bullish signals, with RSI moving higher. If the day closes above 1.0640, the bullish momentum could continue. On the contrary, if the price falls below the 1.0500 support, it will attract more selling pressure. EUR/USD is currently rising for the 3rd day in the past 4 days and is above the 20-day MA. Technical indicators on the daily chart show bullish signals, with RSI moving higher. If the day closes above 1.0640, the bullish momentum could continue. On the contrary, if the price falls below the 1.0500 support, it will attract more selling pressure.
Long
by Chart_MasterPro
1
Everyday perspective.EUR/USD Resistance Level 2: 1.0650 Resistance level 1: 1.0600 Spot price: 1.0582 Support bit 1: 1.0530 Support bit 2: 1.0448 EUR/USD rose 0.04% to 1.0593. The dollar retreated in a technical profit correction after Federal Reserve Chairman Jerome Powell said rising market interest rates may reduce the need for the Fed to take action. EUR/USD continues to find support amid the dollar's retreat and volatility. The euro still appears to lack a strong unique bullish stimulus to push the pair towards the 1.0650/1.0700 zone. Markets are likely to await hints from the European Central Bank and more data from the Eurozone next week, but the likelihood of a quick pick-up in bullish momentum for the euro is not too high. This means that EUR/USD should now be driven almost entirely by USD movements. The top is still blocked below 1.0650. Although the technical indicators have risen towards the area, the direction is still unclear. Only when the above-mentioned resistance level is completely broken down, the EUR/USD may be expected to embark on a clear rebound path. .
by Zenobia-Harte
EURUSD continues to be bearish On Wednesday, EUR/USD fell back after failing to break through the channel resistance below 1.0600, ending a two-day streak of gains. The U.S. dollar's overall strength, driven by a sharp rise in U.S. bond yields, also exacerbated the EUR/USD fallback. U.S. dollar yields rose across the board, with the 10-year U.S. Treasury yield soaring above 4.90%, the highest level since 2007. The resilience of the U.S. economy has provided support for the steady strengthening of U.S. bond yields, while geopolitical conflicts in the Middle East are intensifying. The euro is likely to maintain a bearish bias against the dollar in the near term and may refresh its 2023 lows. From a technical point of view, if the EUR/USD price accelerates its decline in the future, the exchange rate may stabilize above the trend line support of 1.0500 and ease the downward pressure. However, if it falls below this support, the exchange rate may accelerate towards the 2023 low of 1.0448. . If there is further decline, bears may push the pair towards the key support level of 1.0350. On the contrary, if the market sentiment turns to support the bulls and the euro price rebounds, the upper resistance level looks towards 1.0600-1.0625 In the short term, I recommend continuing to be bearish. If you need more analysis, please join me.
Short
by Krause_Philipp
EURUSD 4H : Waiting for second target EURUSD New forecast The price perfectly fulfills my last idea and price reached to our first target + 25 pip . Trading in the EUR/USD pair is rebounding downward after testing the resistance of the descending channel in the past sessions, awaiting further expected decline in the coming sessions, remembering that our targets start mainly at 1.0528 and then 1.0450. Moving below the EMA 50 supports the continuation of the proposed bearish wave, keeping in mind that breaching 1.0562 will stop the negative scenario and lead the price to begin an upward correction in the immediate and short term. The expect range trading for today it will be between the resistance line 1.0562 and support line 1.0496. Additionally ,Today News will affect the market . resistance line : 1.0550 , 1.0562 support line : 1.0528 , 1.0496 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
4
EURUSD Long Term Buy Trading Idea Hello Traders In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
EURUSD 4H TECHNICAL ANALYSISEURUSD has recently experienced a significant surge, as evidenced by the confirmed buy signals indicated on the chart. However, a comprehensive analysis suggests an impending bearish movement influenced by the identifiable order block within the range of 1.06198 to 1.06723. This zone is likely to exert a substantial resistance, triggering a potential reversal in the current bullish trend. To ensure a more robust assessment, it is advisable to wait for a confluence of the signals, particularly focusing on the emergence of a choch, which would provide a more comprehensive and corroborative indication of the market's directional shift. This cautious approach emphasizes the need for confirming indicators to support the anticipated bearish movement, thereby reducing the potential risks associated with premature trading decisions. Furthermore, in monitoring the price action at the 1.06398 resistance level, investors can gain valuable insights into the market dynamics and potential trend reversals. The careful observation of price fluctuations in this critical range will enable a more informed evaluation of the market's response to the resistance level, facilitating a better understanding of the underlying market sentiment and potential trading opportunities. Considering the current market conditions and the identified order block, it is crucial to adopt a prudent approach, placing emphasis on the confirmation of the choch for confluence, and closely monitoring the price action at the 1.06398 resistance level. This comprehensive analysis will enable investors to make well-informed and strategic trading decisions, mitigating potential risks and capitalizing on the projected bearish movement in the EURUSD market.
Short
by fzm_100
EURUSD: Core Retail Sales and risksThe EUR/USD firmly in the green for Tuesday after US Retail Sales beat market expectations and saw upside revision to previous figures, sending investor risk appetite into the ceiling and sending the US Dollar (USD) broadly lower, bolstering the Euro (EUR) and taking the EUR/USD up from the day's early low of 1.0532 and sending it within inches of the 1.0600 major handle. Headline US Retail Sales figures for September broadly beat median market forecasts of 0.3%, printing at 0.7% and seeing an upwards revision in the previous month's reading from 0.6% to 0.8%.
by Sphyn-Trader
1