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Eurusdtrend

EURUSD BuyEUR/USD (Euro – U.S. Dollar) plummeted on Wednesday on strong safe-haven flows, sinking more than 1% towards its lowest level in 2023, with risk assets coming under intense downward pressure as the U.S. banking turmoil spread to Europe, worsening Credit Suisse’s already fragile position, and igniting a $60 billion rout in the entire space. For context, Credit Suisse’s shares cratered while its credit default swaps soared to distressed levels after the institution’s biggest backer (Saudi National Bank) said that it will absolutely not provide additional cash injections, raising the likelihood of a collapse. EURUSD after reaching the support area of ​​1.0520 late yesterday, the price is currently showing signs of reversing and increasing again. In the short term, it is possible that the pair will continue to go up to the 1.0650-1.0680 zone. Recommended buy to current price 1.0585, SL: 1.0540, TP: 1.0650
Long
by VTmarkets
1
EUR/USD Bulls Gearing Up?The MACD has shown trend continuation divergence (A.K.A "Hidden Divergence"). After the price action found footing at that pivotal zone (1.0550 - 1.0600), the Bulls appear to be gaining some strength. We have a strong gap to fill around 1.0640 but we'll have to see what happens during CPI numbers tomorrow morning. Based off of the longer term time frames, EUR/USD could see a run towards 1.1100+ as long as we do not trade back below 1.06000. If EUR/USD is pushed back down below 1.0600, the trade idea is invalidated.
Long
by InternalTraderNYC
EURUSD#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 1.0492 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. - After that, EURUSD can go up to 1.2000 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
by benny_marshall
EURUSD DEMAND AREASTO UPDATE OUR ANALYSIS FOR EURUSD: Just to follow previous trading idea what we see is clear and understandble totally, dont make it complicated, we made huge liquidity by making HHs and HLs, what we expect now still we are in bullish move, but we seeking to see price for more lower areas, as I highlighted different demand zones, you have to keep eyes on them, then get some confirmation for changing trend in LT, after that jump in to trend with good R:R In lower time frame price is strongly bearish, always wait for more confirmation to change the trend, Always respect to risk management, to trade or to survive in forex is not about good strategy it is about risk management and good trading plan, if you have reasonable risk, you will stay in forex forever Any question comment me bellow, @FxShzd
by FxShzd
EURUSD BuyEUR/USD is flat on the day so far and trading near 1.0742 and staying within a range of 1.0725 and 1.0742. Overnight, banking stocks surged back and bonds and interest rate futures despite the collapse of some US banks over the past few days. Instead, fears of contagion in the U.S. banking system have reduced and the US Dollar has found its footing again. Investors are treading cautiously ahead of next week´s Federal Open Market Committee meeting. The US Consumer Price Index (CPI) rose 0.4% last month after accelerating 0.5% in January. In the 12 months through February, the CPI increased by 6.0%, a slower pace than the 6.4% annualized gain in January, however, this was still above the Federal Reserve's 2% target, as such, the US Dollar found some demand on the data and printed the session high in the US but it has since turned lower while futures priced in a Fed rate cut by year's end. URUSD main trend is still bullish. Currently on the h1 chart the price is sideways in the 1.0690-1.0750 zone. With this pair, traders can wait to buy around the support zone of 1.0690, SL: 1.0660, TP: 1.0750
Long
by VTmarkets
1
EURUSD BUYHello guys it’s been a been a while, I’m currently back on dropping analysis, so we are looking on buying eurusd on 148 pips moves, though EURUSD is actually a long Buy moves of about 200 pips plus but we are looking to take profits on 148 pips. So let’s patiently wait for a proper confirmation and for price to tap into our buy zone then wait for candle stick patterns or candle stick rejection on that buy level before taking our buy entries. Please save EURUSD on your watchlist for you can get notify when trading confirmation takes place. Drop a Comment on what you think about this analysis.
Long
by GoCrazyfx0
EURUSD BuyIn a complete U-turn from its reaction to hawkish Powell testimony last week, markets today struggle to price one further 25bp hike from the Fed. This is a far cry from the +75-100bp of extra tightening seen last week. The re-pricing of the Fed is understandable as US authorities struggle to put a floor under the evolving banking crisis. Indeed, the KBW regional banking index is off another 10% today – not what authorities wanted to see after promising at the weekend to make all depositors whole and introducing new liquidity provisioning schemes. This dramatic re-pricing of the Fed cycle has outpaced anything seen amongst European monetary cycles and delivered a huge narrowing in two-year EUR:USD swap differentials. Normally rates at the short end of the curve are solid drivers of exchange rates (signifying the path of respective monetary policy) and the sharply narrower spread would be expected to drive EUR/USD a lot higher. EUR/USD has turned around from its 1.0525 lows seen last week, but what is stopping it from trading substantially through 1.08? We think a look at the key short-term drivers of EUR/USD provides the answers. EURUSD h1 price is in an uptrend. Early today it is possible that the pair will have a short correction and then continue to move up. Currently traders can wait to buy around 1.0690, SL: 1.0650, TP: 1.0750
Long
by VTmarkets
EURUSD SellEUR/USD 1.0590 target in a 61.8% Fibonacci retracement for the day ahead. On the other hand, a continuation towards 1.0770s could just as easily play out. EUR/USD has opened with a large gap in the open and is trading around 1.0680 after closing on Friday at 1.0639 after a mixed Nonfarm Payrolls report triggered a sell-off in the US Dollar. However, as analysts at ANZ Bank said in a note before the open, ´´after so much anticipation it was ironic that it got lost in the noise, but non-farm payrolls rose 311k in February, indicating very strong momentum in jobs growth continues. EURUSD price is at the key resistance area of ​​1.0690. In the short term, it is possible that the pair will accumulate sideways in the 1.0650-1.0690 zone before having the next direction. Recommended short sell at current price 1.0690, SL: 1.0720, TP: 1.0660
Short
by VTmarkets
1
Five Demons that lead to Trading Losses The greatest adversary of a trader is not the market, nor the constantly changing market trends, but rather ourselves. Therefore, today I will share my trading experience and explain the five most difficult demons to overcome in our trading journey. 1.The first demon is greed. Greed is the biggest demon in trading. Where there is greed, there is an abyss. It can be said that 90% of psychological problems in trading stem from greed. What are the manifestations of greed? Not wanting to miss out on market movements and trying to buy at the lowest point and sell at the highest point is greed. Not wanting to miss out on any market movements of any kind is greed. Pursuing the perfect trading system is greed. Even not willing to accept losses is greed. Pursuing high-risk trading for quick profits is even more greedy. Childishly pursuing financial freedom through trading is the greediest of greed. There are too many examples like this. 2.Heart demon 2: Fear Many people have poor execution in trading, mainly due to fear. What are the manifestations of fear in trading? Being bullish on a market but not daring to open a position due to fear of loss. Even when the trading plan is clearly defined, entry and exit rules are obvious, and position sizing is appropriate, when the conditions for opening a position are met, the button for opening the position cannot be clicked and the opportunity is missed. Having the correct position and being profitable but not daring to hold the position, afraid of losing profit due to the fluctuation of the market, resulting in hasty liquidation. The inability to set a stop loss is also a manifestation of fear, afraid of not being able to recover losses. Using smaller and smaller position sizes, finally opening a position of 0.01 lots, but still feeling conflicted. 3.Heart demon 3: Short-sightedness Traders must have a perspective. I often say that we should examine trading from an aerial perspective. Trading is like a maze. Only when we stand at a high point and overlook the maze can we find the correct way out. We must not plunge into the maze. What are the manifestations of short-sightedness? When a trading system is initially profitable, you think it's great; when losses occur, you immediately want to give up or change the trading system's settings. Unbeknownst to many, profits and losses come from the same source. Trading systems are bound to have matching and non-matching market conditions. Dismissing a trading system due to short-term gains or losses is a manifestation of short-sightedness. On the other hand, a trading system making money for a period of time does not necessarily mean that the system will continue to be profitable. Profitability is only a result of matching market conditions. Overvaluing a trading system due to temporary profits is also a manifestation of short-sightedness. Therefore, many people eagerly show me their profitable trading systems of one or three months, but I maintain a conservative attitude and suggest we discuss the issue again after one year. 4.Heart Demon Four: Anger When it comes to anger, everyone can easily understand that it is a significant issue not only in trading but also in work and daily life. Under the influence of anger, a person's IQ is reduced to only 30% of its normal level. Our judgment of trading results and risk perception will be greatly biased. Specifically, anger manifests as frequent trading after losses, heavy positions, and expecting to make a profit to recover previous losses. However, the heavy position trading profits cannot be sustained, and when the market does not follow expectations, the trader may be reluctant to cut losses, resulting in margin call and a vicious cycle. 5.Heart Demon Five: Arrogance The trends we trade are the future, and humans are powerless in predicting the future. Even a successful trader may not be able to judge the direction more accurately than a primary school student based on a single chart. This is due to the randomness of market trends, which no one can change. Here's the problem: some people always spot market trends and get good returns during a certain period, which causes them to become arrogant. It is like some novice traders who, after a few short-term profits, begin to have great confidence in their trading ability. This is what we call the "beginner's luck," which is followed by losses due to luck. These are the five heart demons that lead to trading losses. Many of us have experienced these errors. If you are also troubled by these heart demons, we hope you can face your problems and slowly change.
BITSTAMP:BTCUSDEducation
by Navigation-h
EURUSD SellThe U.S. dollar, as measured by the DXY index, pulled back modestly on Thursday but remained near three-month highs, in a session characterized by wild swings across asset classes and a sharp retreat in U.S. bond yields, ahead of the U.S. nonfarm payrolls report slated to be released Friday morning. The February employment survey is forecast to show a downshift in hiring, with analysts anticipating a gain of 205,000 jobs after January's stunning 517,000 surge. The strength of the report will be key in determining the trajectory of monetary policy, so traders should keep an eye on the economic calendar. EURUSD long term trend is still down. However, currently on the h1 chart, this currency pair is in a deep correction. Recommend to wait to sell when the price returns to 1.0630, SL: 1.0670, TP: 1.0530
Short
by VTmarkets
EURUSD: Buy at low levels today This is the 30-minute chart of EURUSD, where I've marked the resistance zone and strong resistance level, as well as the entry points. The overall trend today is bullish, with the first step being to see if the resistance zone can be broken. If it can, we'll look to the strong resistance level for our next target. If it can't be broken, we can enter a short position after taking profits on our long position, with the profit target near 1.053-1.045. Today is Thursday, and I don't expect the market to have too much volatility, especially since there will be a highly influential non-farm payroll report tomorrow. The market should maintain minor fluctuations as it awaits the release of this data. Of course, we can't rule out the possibility of the market moving in anticipation. If the non-USD market surges ahead of the report and the data is unfavorable for the USD, the non-USD market will probably continue to rise, but the amplitude won't be too large. Conversely, if the USD is bearish and the non-USD market surges ahead of the report, it will likely experience a significant drop after the data is released. I'll provide a more detailed analysis based on the market trends before the release of tomorrow's data. Today's trading should focus on buying at low levels. Thank you for your attention and support. I'll continue to share more interesting trading strategies, and if you have any questions, please leave a message and I'll provide you with the most reliable solution to help you solve your problems! Wishing you a wonderful day!
Long
by triumphing
2
EURUSD: Trading like this today can be profitable Yesterday's trading saw all three take-profit points hit, and the current market is now at a crucial support level. After yesterday's sharp decline, the market needs some time to consolidate before resuming the game. For today's trading, we will first go long at the lower levels and then formulate a new strategy based on the situation after rebounding to the resistance level. I have marked the trading points on the chart, and I appreciate everyone's attention and support. Wish you a pleasant day!
Long
by triumphing
4
EURUSD: Trading like this today can be profitable Losers attribute their failures to bad luck and regret not trying harder; winners attribute their success to good luck but are aware of the price they paid. The people you associate with determine the course of your life. Being around diligent people keeps you from being lazy, positive people keep you from being down, being with wise people makes you outstanding, and being with accomplished people helps you reach the pinnacle. Learning skills and mastering professions take time, and it's fate that brings people together. Hello everyone, the EURUSD is currently showing a bearish trend on the 1-hour, 2-hour, and 3-hour charts. Therefore, today's trading will focus on short positions. We will wait for a test of support and observe its effectiveness. If the support holds, we will consider opening long positions. Thank you for your attention and support. I will continue to update my trading strategy. If you have any questions, please leave a comment, and I will help you develop the most reliable solution with a serious and responsible attitude to assist you in solving your problem. Wishing you a pleasant day!
Short
by triumphing
EURUSD market commentary on 7/3/2023EUR/USD has gathered bullish momentum and advanced toward 1.0700 in the second half of the day on Monday. In the absence of high-tier data releases, the positive shift witnessed in risk sentiment is weighing on the US Dollar and allowing the pair to climb higher. The EUR/USD pair is confined to a tight intraday range ahead of a directional catalyst. The pair is technically neutral, according to the daily chart, with a limited bullish potential. EUR/USD is meeting sellers around its 20 Simple Moving Average (SMA), which is losing its bearish strength but remains above the current level at around 1.0660. The 100 SMA, in the meantime, advances below the current level and nears 1.0515, the 50% Fibonacci retracement of the 2022 yearly slump. Finally, technical indicators have turned flat just below their midlines, reflecting the absence of directional strength. The 4-hour chart offers a similar technical picture. The pair is trading between a mildly bullish 20 SMA and a bearish 100 SMA, while the 200 SMA keeps heading south far above the current level. Meanwhile, the Momentum indicator turned marginally higher but is stuck around its 100 line, failing to provide directional clues. The Relative Strength Index (RSI) indicator seesaws around 55, but stands below its intraday high, reflecting limited buying interest. Bulls could have better chances if EUR/USD regains 1.0700, although a major resistance level is located at 1.0745, the 61.8% retracement of the aforementioned yearly decline. Support levels: 1.0610 1.0560 1.0515 Resistance levels: 1.0660 1.0700 1.0745
by DNAchampions
EURUSD: Hit first tp level, consider buying again on retracement Hello everyone, on March 2nd, when EURUSD was around 1.058, I provided a long strategy and a take-profit level. The first take-profit level has been reached now, and partial profits can be taken here, while the rest can be left to wait for the second take-profit level. Alternatively, all profits can be taken and wait for a retracement near the support level around 1.062 to go long again, with a target around 1.068. Thank you for your attention and support. I will continue to update my trading strategy. If you have any questions, please leave a message in the comment section, and I will help you develop the most reliable solution with a serious and responsible attitude. I wish you a pleasant day!
by triumphing
4