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Eurusdtrend

EURUSD: What to know in markets on Thursday!- EUR/USD is holding on to recovery gains near 1.0750 as the US Dollar (USD) remains behind according to mixed US Consumer Price Index (CPI) data. - The annual measure of US inflation rose 3.7% in August, compared with an expected 3.6% increase. CPI rose 0.6% in August, the biggest monthly increase of 2023 and in line with market estimates. Core CPI rose 0.3% and 4.3%, respectively, compared with estimates of 0.2% and 4.3%. - US S&P 500 futures boost market optimism, as US data underpins Federal Reserve (Fed) pause bets. - The yield on the benchmark 10-year US Treasury note fell to 3.21%. - On Tuesday, Germany's ZEW Economic Sentiment improved to -11.4 in September. However, the index measuring current conditions hit a three-year low at -79.4. "Financial market experts are even more pessimistic about the current economic situation in Germany than in August 2023," the ZEW Institute said. - The ECB event will be decisive for the short-term direction of the EUR/USD pair, as the focus turns to the Fed's policy announcements next week.
Long
by Sphyn-Trader
4
EURUSD: ECB detects leaked reportEUR/USD retreated moderately on Tuesday. It jumped to 1.0769, its highest in a week during the Asian session, but then reversed course, holding above 1.0700. Markets await US consumer inflation data and the European Central Bank meeting. Data released on Tuesday showed a mixed survey by Germany's ZEW. The current conditions index weakened further to -79.4 (lowest since August 2020) down from -71.3, while the Expected index reached -11.4, above the -15.0 forecast. The report provides more signals about a potential recession in Germany and the Eurozone. These factors weigh on expectations of an interest rate hike by the European Central Bank.
Short
by Sphyn-Trader
6
Anticipating the next Move 🚤 EurusdAnticipate the next move beginning with a Top-Down Analysis followed by looking through the lens of price action. 0:0 Monthly timeframe 1:10 Weekly timeframe 2:35 Daily timeframe 6:36 4hr timeframe 8:30 1hr timeframe 11:20 upcoming news We have alot of rejections at 1.07 Weekly support level beginning from last tuesday. This weekly support level is also a Monthly support level. The Daily timeframe flipped to bullish market strucutre on Monday and still maintains that stance. Though, one could argue that we are simply ranging now. We have higher lows and Higher highs on the 1hr/4hr timeframes. CPI inflation data today pulled price back down to retest the weekly support level once more at 1.07. To be exact it touched into 1.071 but I still count that. Yesterday and especially today price respected what was our previous resistance zone 1.0727 but has now turned into a daily support zone. CPI increased for the second consecutive month and we are moving away from the Fed's target of 2%. That is good for the USD and the higher timeframe momentum favors USD. Given this, we are at a key level on the monthly and weekly timeframes. Volatility has decreased ever since we tapped into the key level's. Also, these fundamental releases act as a short term reversal for the market.. another confluence. Really in trading it's about combining multiple confluences to increase the probabilities for a trade idea.
Long
by ShrewdCatfx
Seen this Story before ... 🔖Following price action versus what you think price action will do are two completely different concepts. 0:0 Monthy timeframe 0;47 Weekly timeframe 1:52 Daily timeframe 3:52 4hr timeframe 5:46 1hr timeframe 6;40 Bias for upcoming Understanding these concepts to their core has cost me. I have benefited though from reflecting on the outcomes of these two concepts. Price action will often times clue you on what will happen next. To listen to the price will take time and because you will be inclined to impose your beliefs on the market and invest your energy into solving, well, the wrong problems. Observing where candles close and understanding the nature of volume surrounding 1hr and 4hr candle closures is very important. These concepts make up the core of intra-day trading in the forex market. With that said, I am anticipating a bit of a retrace towards our previous daily resistance zone that may facilitate more longs. Our previous daily resistance was 1.0726 and it can now be characterized as Daily support since market structure flipped on the daily timeframe to bullish.
Long
by ShrewdCatfx
2
Breaking the Eurozone Stalemate: Can the Euro Stage a Comeback?Ladies and gentlemen, traders and armchair economists, hold onto your trading hats because the Euro has decided to break free from its eight-week losing streak! It's like witnessing the top-dog of the currency world making a glorious comeback after a relentless losing streak that had traders shaking in their boots. But wait, it gets even juicier – while the Euro is on the rise, retail traders were jumping ship and became more bearish than a grizzly in hibernation. It's time to dive into this financial rollercoaster and see if the Euro can defy the odds. EUR/USD Sentiment Outlook – Bullish (Or Is It?) Picture this: about 63% of retail traders are donning their bull horns for EUR/USD, believing the Euro will soar. But, and it's a big but, the majority of these traders being bullish could be a sign that the currency pair is about to take a dive. Why, you ask? Because when the crowd is all on one side of the boat, it tends to tip over, and that's where the market Sentiment comes into play. Downside exposure has spiked by a whopping 24.53% compared to yesterday and a solid 12.26% compared to last week. These shifts suggest that the Euro's fortune might just be on the verge of a dramatic turnaround. The Euro Daily Chart - A Shining Star Now, let's zoom in on the daily chart. We've got a treat here – a bullish Morning Star candlestick pattern! Imagine a candlestick pattern as the Euro's "ah-ha" moment, signaling a potential change in direction. But before we start the victory parade, we need to keep our excitement in check because this pattern hasn't confirmed itself yet. It's like buying champagne before your team actually wins the championship. However, the RSI (Relative Strength Index) is showing some positive divergence, suggesting that the Euro's downward momentum might be running out of steam. But, oh, the drama continues. Our dear Euro is still stuck below the 200-day Moving Average, and there's this menacing falling trendline dating back to July, acting like a bouncer at a trendy club, keeping the Euro out of the VIP section. These two technical barriers are like a pair of cement shoes, weighing the Euro down and keeping it firmly in the bearish territory. So, while a short-term victory may be in the cards, the grand picture still seems to favour the bears. Conclusion: The Euro's Rollercoaster Ride So, what's the bottom line here? The Euro, after a seemingly never-ending losing streak, is showing signs of life, and traders are divided like never before. It's like a Hollywood movie where the underdog faces insurmountable odds, but the crowd is still cheering for a triumphant comeback. The Morning Star candlestick pattern and RSI divergence add a dash of excitement to the story, hinting at a potential twist in the tale. However, those technical barriers - the 200-day Moving Average and the stubborn descending trendline - are like the villains in our Euro saga, refusing to let the hero rise. As the week unfolds, the Euro finds itself at a crossroads, teetering between defying the odds and succumbing to the bearish forces. The stage is set for a thrilling showdown, and traders around the world are watching with bated breath. Will the Euro make a triumphant comeback, or will it continue to dance to the bearish tune? Stay tuned, folks, because the financial markets are like a never-ending soap opera, and the Euro has just taken center stage.
Short
by TFLOfficial
EURUSD: Investors wait for CPIThe EUR/USD currency pair experienced a slight recovery after reaching a new low below 1.0700 on Thursday. Although the bearish bias of the pair remains, there is potential for support due to profit-taking and an improved risk sentiment leading up to the weekend. On Thursday, the US Dollar continued to strengthen against its counterparts following positive weekly data. The number of initial applications for unemployment benefits decreased to 216,000 in the week ending September 2 from 229,000. Additionally, Unit Labor Costs for the second quarter were revised higher from 1.6% to +2.2% in the Bureau of Labor Statistics' initial estimate.
Short
by Sphyn-Trader
9
When the Price Action speaks, Listen! 🔉😼Price reacted off of 1.07 Weekly support level for 2 days before punching through it with New York session Open today boosted by positive USD unemployment data. 0:0 Monthly timeframe 2:21 Weekly timeframe 5:29 Daily timeframe 9:25 4hr timeframe 11:06 1hr timeframe Price printed a Daily bearish candle today and tapped into Extreme Daily Lows at 1.0688 Daily support zone. It is extreme daily support zone because price bounced 590 Pips off this area last time price was here. The Daily bearish candle today closed above the Extreme Daily lows. Yes the weekly candle is bearish at the moment, but I would not be surprised to see the Weekly candle pullback, and create a larger bottom wick to end the week. Calling the low has a good Risk/Reward and some people are good at spotting mean reversion trades. Be flexible because if the market continues to trend lower, we want to capitalize on that momentum. Interestingly enough, I'm looking forward to this mean reversion trade because of the News catalyst Unemployment Data. News releases can also provide the catalyst for a short term bottom and top in the markets. A good example of this was on June 27th earlier this year. After the news, a short term top was formed and price pulled back 100 pips. Anticipating something similar here.
Long
by ShrewdCatfx
2
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
by ForexPlanet20
US05Y-EU05Y difference in bond yields as advance warningAdvance warning of longer term swing in EURUSD Forex pair thanks to difference between US 5 year yield and EU 5 year yield. The challenge is, while it can point to an upcoming longer shift, it's still not going to tell you the perfect timing for the about face. It of course is not the only thing that will contribute towards a shift in the currency pair, but it is one of the fundamental underlying reasons why shifts can occur, especially during a short term interest rate hike cycle, ultimately leading to an inversion of the shorter term yields above the longer term yields which is what we have today. First, the 2 year yields and shorter, while good to watch for the rate hike cycles, they can take more time to pick themselves off the mat before an about face. 10 year and higher yields may also change a little too slowly to act as a good signal. The difference between the two 5 year yields seem to be a pretty decent middle ground, though. For example, below is US02Y-EU02Y: The most glaring is in 2021, the about face in EURUSD effectively has already happened by the time the difference between the 2 year yields starts showing upwards movement signifying the US 2 year yield is increasing more than the Euro 2 year. The 10 year, you can see after the US 10 year gets ahead a decent amount, the difference between it and the Euro 10 year flattens out and becomes unclear on signaling the pending reversal that happened in 2022 as EURUSD hits an all time low. Whereas, back with the difference between the 5 year yields, you can see a clear divergence start several weeks before the EURUSD price shift. With that in mind, the difference in favor of the US yields has been trending up since April while the Euro ping ponged higher somewhat slowly. We may be at the point where the USD resumes its role as wrecking ball, going against the simple channel analysis I bought up just a couple days ago. A part of me still thinks the Euro has another brief rally back upwards left in it before this confirms and the Euro devalues vs. the dollar on a longer term swing. So, I'm still considering long Euro for now, but if the trending difference between the 5 year yields continues in the meantime, it will be time to flatten and reverse that position.
by dieseldub
Journey towards daily demand zonePrice showed a strong bearish movement with the help of the strong NFP result for USD last Friday, and I expect the bearish movement to continue till the 1.0688. Price closed as with a strong bearish presence on daily TF which confirms price intentions for me. On the 4hrs TF, Price is currently within a demand zone which should push Price back up but I haven't seen a rejection yet, and I believe the demand zone would break and make a new low before Price pulls back. I expect little pullbacks to occur but I would advise against buying at this point, and just look for selling opportunities towards 1.0688 RIsk Management is advised I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Short
by owlswift_fx
Eurusd New Month .. New Lows to 1.07? 🛎️Traders! (≖_≖ ) we haven't seen a steady trend like this with 7 weeks of the same candles since June 2020. 0:0 Monthly timeframe 1:35 Weekly timeframe 5:13 Daily timeframe 7:25 4hr timeframe 9:46 1hr timeframe 11:30 Bias Hello traders. Yes, we did just create a daily support today at 1.0773. However, this support was created during a Bank Holiday and if you've hung around the block long enough in forex you know that Bank Holiday's have low volume and we should acknowledge them accordingly. If we do end up curling back to the upside here on Eurusd we do have 2 clean ranges on the 1hr and 4hr timeframes so long as we get above 1.08. With that said, the market is not random and we must act accordingly as we may coninue to descend into the depths below as we have been for nearly 2 months now. It is important to be flexible at times this . Bulls and Bear got thrown around last week with a early in the week Bullside push followed by a continuation of higher timeframe momentum to end the week, that also coincided with decent NFP data that was released better than expected. It is possible that we will soon touch into the next daily support level 1.0744. Momentum is still prevalent and so we must allot to it our due diligence.
Short
by ShrewdCatfx
📈EURO analysis, Weekly insight into price behavior📉FX:EURUSD OANDA:EURUSD Hello Traders, please check out my previous ideas. Continuing from the previous analytical scenario, if the euro stabilizes above the yellow zone, the price can climb up to the pitchfork midline. In the opposite scenario, if the price does not follow the conditions of the previous scenario, the price can fall to around the red zone and after that 1.064 level. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Long
by CrazyS
EURUSD SHORT!!!Hey Traders, We are here again with analysis of EU, So what we seeing is clear, price breaking bellow however we didn't confirm iit yet in higher TF, So for now we expect price to move downward as soon as we have pull back to the resistance level determined on the chart , We expect to reach to the base zone in the demand area, after that lets see which direction price chooses, Be careful , keeping capital safe is the most important thing in trading and staying in the market Thank you, @FxShzd Team
Short
by FxShzd
The Previous Week / Fundamental Releases and Price Action 🕋In this video we start by observing the movement of Eurusd from a top down perspective. We eventually break down the week's fundamental news releases and their impact on price behavior on the 1 hour timeframe as this is the bulk of the video. This week we went up and they came straight back down. Fundamental news releases played a suspicious role in the price behavior this week and we investigate their significance.
by ShrewdCatfx