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Eurusdupdate

Return to the lows prior to Inflation data 🧐Thanks for reading this! Really enjoy doing these vidoes. 0:0 Monthly timeframe 1:33 Daily timeframe 3:42 Daily timeframe 7:12 4hr timeframe 9:22 1hr timeframe 3:35 Bias My Idea for for this week : with our quite, no news market conditions through the first 3 daily candles of the week, I can observe a decrease towards 1.09373 Daily support level or a tap into 1.09 weekly support. When U.S. Dollar CPI arrives on thursday, and it is expected to increase, I can visualize a blast off in favor of the EUR. Now, increasing inflation is technically not good for the USD and the federal reserves goals. The market often doesn't do what it's supposed to do. I'm favoring this idea. The opposite would be an increase to the highs of our range near 1.10236 weekly level and 1.1036 4hr resistance zone prior to CPI.. and then a consequential dump in favor of the USD. Either way we must remain flexible with our bias and let the market lead.
Short
by ShrewdCatfx
EURUSD: One-way movements before NF and the influence of USDEUR/USD is recovering from its lowest level since July 07, finding support from a descending trendline that has been in place for three weeks. As of early Thursday, the currency pair is hovering around 1.0940. This bounce can be attributed to the oversold RSI (14) line, as well as market sentiment regarding inflation and employment data from both the Eurozone and the US. Additionally, a stronger S&P500 Futures and a decrease in Treasury bond yields have contributed to a consolidation of recent losses for EUR/USD. Possibility to keep dropping in multi-frame 1D
Short
by Sphyn-Trader
Lower Prices of structure 🤔 / EurusdUSD strength appears persistent as we move into the 3rd daily candle of the week. Manufacturing data was released and was worse than expectations. Eurusd duly corrected up in favor of the EUR +16 pips initially before price climbed +45 pips through the daily candle transition. This is unusual for a move to occur like this during the 1st hour of trading during the new daily candle. Price climbed to within 4 pips of our weekly resistance level 1.1024. As spreads calmed down, Eurusd has only seen sell pressure correcting down in favor of our bear trend by 35 pips at this point 1.0983 currently. This is alot of volume during asian session and so I'm anticpating a wild upcoming london and NY sessions. We have ADP , estimated employment data tomorrow during NY which may act as a catalyst to drop back towards 1.09488. 1.0948 4hr zone is playing a key role this week and will likely ultimately determine our direction with NFP at the end of the week. It is important to note that price bounced from our daily support level today 1.09765. This bounce coincided with missed expectations USD manufacturing data. what a coincidence ! I like the engulfing candle that we observed during asian session and this sways me to favoring a continued range as we move into major employment data on Friday.
Long
by ShrewdCatfx
Momentum may carry 🎒us back to 1.0948Welcome back to another Eurusd Analysis! 0:0 Monthly timeframe 1:00 Weekly timeframe 4:32 4hr timeframe 5:47 1hr timeframe 7:15 Bias to begin the week We have two Bearish weekly candle's back to back as we failed in a great fashion to continue our bullish ascent. The weekly candle last week closed below 1.1024 which was our weekly support level. It is now characterized a as a weekly resistance and may facilatate a selloff back to 1.0975 Daily support which we created on friday and eventually 1.0948 1hr support zone. 1.0948 would also be a weekly wick fill with bearish momentum carried over from the previous week. Please leave feedback if you enjoyed. Have a great trading week.
Short
by ShrewdCatfx
EURUSD: What will happen today?The data released by the European Central Bank (ECB) presents a combination of information that is not significantly impactful. Inflation has experienced a decrease, while the core rate remains stable, and prices for services continue to rise. As for GDP, it managed to avoid a decline, but growth was only minimal. Currently, market pricing suggests that the probability of another interest rate increase at the September meeting is less than 40%. On Tuesday, we can expect the release of both the final Manufacturing PMIs and the German Unemployment rate. EUR/USD drops below 1.1000 ahead of PMIs
Long
by Sphyn-Trader
1
Leftover Momentum to end the Week? 😶‍🌫️// EurusdCurrent Price 1.097 0:0 Monthly timeframe 1:36 Weekly timeframe 3:51 Daily timeframe 5:10 Bias for friday 6:14 4hr timeframe 10:15 1hr timeframe Hello Everyone welcome back to another analysis. Eurusd increased 30 pips against us before dropping 130 Pips in our favor today after we called out a short analysis prior to the last london session 24 hours ago. Quite the engulfing candle created today with expected and priced in EUR interest rates and 2 better than expected USD data points, GDP and Unemployment putting the nail in the coffin so to speak for USD bulls. Alot of momentum today and I'm antincipating some to be left over and continue on to friday. I'm thinking we can get a touch into the 1.09462 4hr support zone but unsure what'll occur after that. Inflation data may act as a catalsyt to keep dropping in favor of USD or we will see the Weekly candle pullback up and create a bottom wick as we close out the week. The latter implies a bullish NY session tomorrow to end the week.
Short
by ShrewdCatfx
Price is on a steep ascent? 🥀 EurusdWelcome back to another Eurusd Video Analysis 0:0 Monhtly timeframe 1:25 Weekly timeframe 3:10 Daily timeframe 6:02 4Hr tiemframe 6:53 1hr timeframe 10:00 Bias for the session I'm looking for a pullback with London Session. This is because we have seen that price created an aggressive 33 Pip push up with asian session and eurusd has pulled up early in the daily candle. We have clean traffic back down to 1.1078 on the 1hr timeframe. We have an additional clean range from 1.1078 to 1.1056. If price decides to continue it's ascent, we have a solid range in which we have already tapped into with asian session. This range extends from 1.11 1hr zone to 1.11359 4hr resistance zone. If we go Up I see us retesting 1.1078 anyways during NY session if we don't do it with London. The 4hr just failed to close above 1.11 prior to london session. We may go to retest 1.11178 daily high with Eur interest rates, we'll see.
Short
by ShrewdCatfx
2
Got a Pullback prior to Rates & Now looking up 🏦0:0 Monthly candle pullback 2:40 Daily timeframe 3:46 4hr timeframe 4:07 Downside targets if a fakeout of trend occurs 4:37 First target Longs with Rates 6:54 1Hr timeframe 7:38 Bias heading into interest rates Hello Traders welcome back to another Eurusd Video Analysis. Please leave some feedback if you enjoyed or not. Thanks for reading this far. I had been anticipating a pullback on Eurusd prior to interest rates and this is exactly what we can see. We have pulled back perfectly to our Weekly Support Zone 1.1024 and price was supported during New york session. Consumer confidence during NY was better than expected and USD was favored until we tapped into our much feared weekly level. Uncertainty always says anything can happen & so we are going to stick with what works best for us. Scalping and tight risk management, allowing the long-term edge to realize itself through a series of good trades. Buy Stops and Sell stops have been working really quite well for me in the past months and so I continue explore those setups with lowered risk.
Long
by ShrewdCatfx
Eur Usd Scalp LongBullish Analysis for EUR/USD Scalp Long from 1.10042 - 1.09895 - 1.09778 (Bearish Correction) Introduction: Within the context of a bearish trend in the EUR/USD currency pair, a short-term bullish correction seems to be developing. This analysis focuses on the potential for a scalp long trade within the specified price range of 1.10042 to 1.09778, taking advantage of the expected temporary upside movement. Bearish Trend in Place: The EUR/USD pair has been in a sustained bearish trend, with a series of lower highs and lower lows on the price chart. It is essential to acknowledge this overall trend and understand that the scalp long trade being considered is a short-term counter-trend move, not a full-fledged trend reversal. Corrective Price Action: During a downtrend, it is common to witness short-term corrective price movements that run counter to the main trend. The price range from 1.10042 to 1.09778 appears to be one such area where buyers have stepped in to create a temporary correction, potentially retracing part of the recent bearish move. Overextended Market Conditions: The bearish trend may have led to oversold market conditions on various oscillators and short-term indicators. This oversold state indicates that the selling pressure might have exhausted itself for the time being, making room for a short-term bounce to the upside. Risk-Reward Opportunity: Given the potential for a short-lived bullish correction, a scalp long trade from the specified price range offers an attractive risk-reward opportunity. Traders can target a relatively modest profit within the correction, while keeping stop-loss levels tight to protect against a potential resumption of the primary bearish trend. Conclusion: Considering the prevailing bearish trend in EUR/USD, the potential for a short-term bullish correction from 1.10042 to 1.09778 is worth exploring for a scalp long trade. However, it is crucial to approach this trade with caution and strict risk management, as the primary trend remains bearish. Scalp trades can be highly sensitive to market fluctuations, and traders should be prepared to act swiftly to secure profits or limit losses. Always monitor the price action closely and be prepared to exit the trade if the underlying bearish trend reasserts itself.
Long
by realtrademaster
EURUSD: German Flash Services PMIThe EUR/USD has moved higher above the 1.1100 level after bouncing back from its lowest point in a week. However, it remains uncertain around 1.1130 during early Monday morning in Europe. The lack of clear direction is evident as the Euro pair defends yesterday's rebound from a horizontal support zone that has been in place for three months, currently ranging from 1.1100 to 1.1090. This corrective pullback reflects the market's anticipation of today's preliminary readings of the US and Eurozone PMIs for July. Additionally, there is a sense of caution ahead of the European Central Bank (ECB) and Federal Reserve (Fed) monetary policy decisions.
Long
by Sphyn-Trader
2
New Week and can bears maintain? 🎑EurusdHi Welcome back traders 0:0 Alot of Fundamental news this week 1:01 Weekly Timeframe and Interest rates idea 4:09 Daily timeframe 7:17 Sells from 1.12318 Daily resistance zone last week 7:37 4hr Timeframe The previous weekly candle closed bearish with a larger top wick. The bottom wick printed only 15 pips and this may cause a concern for exhaustion. I'm anticipating a further pullback on eurusd as we head into interest rates for the dollar on wednesday. We technically still have bullish momentum and market strucutre on higher timeframes for Eurusd. I'm expecting Interest rates to be a catalyst for.. Eurusd upside momentum. In the meantime price may consolidate/range and even pullback a bit closer to our 1.1056 Daily Support zone.
Short
by ShrewdCatfx
2