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Eurusdupdate

EURUSD: refreshes multi-month top above 1.1200The latest minutes of the European Central Bank (ECB) meeting have been released, stating that the Governing Council may consider raising interest rates beyond July if needed. This aligns with recent statements made by President Lagarde, and a hike in July is already expected. However, data from Thursday's release showed that Industrial Production in the Eurozone only grew by 0.2% in May, falling short of the market expectation of 0.3%. The European Commission will also release economic growth forecasts and trade balance data on Friday.
Long
by Sphyn-Trader
15
EURUSD: keeps gains near 1.1150Yesterday, the US Treasury yields fell, leading to a surge in stocks on Wall Street. This boost in risk sentiment further weakened the US Dollar. On Thursday, the US Producer Price Index report will be released, which could either confirm the soft inflation trend or reveal something unexpected. Meanwhile, the European Commission is set to release its economic forecast and Industrial Production data for May, and the Eurogroup will have a meeting. In addition, the European Central Bank (ECB) will release the minutes of its latest meeting. Considering recent market activity and the changing expectations of both the Fed and ECB, volatility is expected to remain high in the next session. This means that the pair could either see significant gains or experience major corrections, making it vulnerable to both scenarios.
Long
by Sphyn-Trader
8
BluetonaFX - EURUSD Cup & Handle Pattern COMPLETE!Hi Traders! Our EURUSD Cup & Handle opportunity from three weeks ago (LINK TO ORIGINAL IDEA BELOW) is now complete and worked to perfection. After the consolidation period in the cup handle, we had a momentum swing to re-test the psychological 1.10000 level, but this time there was a break and a close above the level. Shortly after the 1.10000 break, there was another bullish wave to break and close above our profit target at the 1.10956 level. The market is currently trading around the 1.11000 level, so we will observe how the market behaves around this level and will soon provide you with new opportunities. Please do not forget to like, comment, and follow, as your support really helps us. Thank you for your support. BluetonaFX
by BluetonaFX
EURUSD: The decline and impact of the USDThe EUR/USD pair experienced a rebound during the late American session on Thursday, but was unable to maintain stability above 1.0900. The upcoming June labor market data from the US has the potential to spark significant movement in the pair before the weekend. The US Dollar gained strength against its competitors, causing the EUR/USD to drop below 1.0840 after positive data releases. The monthly ADP report revealed a noteworthy increase of 497,000 in private sector payrolls for June, while the ISM Services PMI improved from 50.3 to 53.9, indicating a surge in growth momentum within the service sector. It is predicted that nonfarm payrolls in the US will rise by 225,000 in June, with the unemployment rate expected to slightly decrease from 3.7% to 3.6%.
Long
by Sphyn-Trader
2
Thoughts on Eurusd Prior to July NFP!📢Another video reflecting on what's occurred in the last 24 hours, our current key level's, and thoughts prior to July NFP data. In the previous publishing I talked about how we should anticipate a pullback from the lows of structure. Price did indeed pullback for 1.08370 4hr support zone and did so throughout london all the way back to our key 1.09 4hr resistance level. With New york session open ( which was accompanied by ADP and Unemployemnt cliams data) price did a continuation of our previous downtrend on the week. I outlined yesterday that the market often uses Red folder news releases as a catalyst for a continuation of momentum. Throughout the week it's easy to identify that we've had bearish pressure and no wonder this is what we observed. It appears though that players took profit and price once again pulled back up from the lows of strucutre after we saw a continuation occur with news. What a volatile day it was today with plenty of opportunity. Expected nothing less of another Thursday in the markets. I did not participate since I've already reached my goal on the week but it is quite fun to observe from the sidelines. What to look for : If price pulls up towards 1.09 and 1.091 daily resistance level, observe how candle's close around there. This may clue us on what may occur with NFP. As the weekly candle pulls back up on thursday and once again back into our daily range, I can see a potential increase for Friday's candle to end the week. Price looks like it's squeezing on the Daily timeframe and we may be awaiting an increase back to 1.096 daily resistance and 1.1024 in the coming day and moving into next week. If price pulls down and then back up prior to nfp data , I may be looking to set a sell stop with NFP data.
Long
by ShrewdCatfx
2
EURUSD: holds lower ground near 1.0900?The EUR/USD bounced back above 1.0900 after weak US data was released during the American session. With US holidays on Monday, the market is expected to stay calm. However, the Greenback is losing its strength and upcoming employment data and the release of the FOMC minutes will be crucial in determining its direction. On Monday, economic data revealed a downward revision in the Eurozone June Manufacturing PMI, with the headline figure dropping from the initial 43.6 to 43.4. The Service sector data will be published on Wednesday. Despite the weak numbers, the European Central Bank (ECB) plans to increase interest rates at the next meeting on July 22, as inflation remains high. Additionally, the likelihood of another hike in September is over 50%.
Long
by Sphyn-Trader
6
Thursday Daily Candle Incoming 🤯--> Continuation ( 6 minutes video 😎 ) As We approach the end of the week, We may observe alot of momentum! My mentors always told me that the market is setting up early in the week. The avalanche later in the week will provide plenty of opportunity for the disciplined trader to implement a trading system. Price was at 1.08892 during our last publishing 24 hours ago. Price consolidated during Asian and London Sessions before gaining enough liquidity to see a breakout to the downside. Price is currently headed towards 1.08384 where we may see a bounce as we head into london session. If not then price is headed towards 1.081 4hr support zone as our next bearish target. Price has confirmed a breakout to the downside and I'm anticipating a pullback before my sells. If not then I anticpate a pullback with our 4 news releases tomorrow durng new york session. We could see all three sessions be bearish and it s thursday so I wouldn't be surprises. Must keep this in mind and plan for every scenario. I've outlined that good pullback prices look to me to be arouns 1.08628-1.0875 I've already met my weekly goal of 2% and I am quite a happy camper. 2 Weeks ago I recall I was up about 2.5% (.5% more than my goal) and I trade on a friday where I proceeded to give back 1/3 of my profits on the week. What a sour taste it left in my mouth to end off the week! Don't want to do that again so I will be publishing ideas and content for my channels to end off the week. If you enjoyed the Video Analysis, please let me know by leaving a Rocket or comment! -- ShrewdCatFx
Short
by ShrewdCatfx
4
💡 EUR/USD Short idea 🔻 update Hi traders, just an update on the previous post on this pair. The short position is playing out as expected. I thought I would update you on the larger timeframe picture. We have a large H&S pattern happening on the weekly timeframe as well, currently we are forming the right shoulder. If we look out even further on the 3 month timeframe we also have a bearish impulsive wave which has retraced back and precisely hit the 50% Fibonacci. Taking all this into account this larger timeframe opportunity will not come easy. Perhaps if your stoploss were placed well above the head on the current trade it could play out in profit with a timeframe of 6 months.
Short
by GuardianFX
5
EURUSD: Unemployment data and impact!The EUR/USD lost points for the second consecutive day on Thursday, dropping below 1.0900 due to the stronger US dollar, which was driven by robust economic data. In the Eurozone, inflation data was mixed, showing a slowdown in Spain and a recovery in Germany, which was not surprising. Thursday's data revealed a slight increase in Germany's inflation in June, with the annual rate rising from 6.1% to 6.4%. Analysts have pointed out that the increase is believed to be due to energy and transportation cost cuts, without which inflation would have decreased. Looking at the details, the slowdown in inflation still seems to persist. On Friday, Eurozone Consumer Price Index data will be released. European Central Bank officials have made it clear that interest rate hikes will occur in July, as inflation remains high.
Long
by Sphyn-Trader
6
EURUSD: Market continues to move in a downtrendEUR/USD declined on Wednesday, quickly reaching below 1.0900 and then rebounding in the US session, cutting losses. The Euro is still supported by expectations of interest rate hikes by the European Central Bank (ECB), reaffirmed by Lagarde's comments. At the same time, bets on interest rate hikes increased in July from the Federal Reserve (Fed), supporting the US Dollar. Inflation data from the Eurozone has started to be released. Italy's harmonized consumer price index slowed down from 8% to 6.7% in June. On Thursday, Spain and Germany will report inflation, and on Friday, the Eurozone's Consumer Price Index (CPI) will be due. The headline EZ is expected to decrease from 6.1% to 5.6%. Another report released on Wednesday showed a decline in the GfK Consumer Confidence survey, with a drop from -24.4 to -25.4. This is the first decline since October.
Long
by Sphyn-Trader
7
EURUSD: ECB President Lagarde Speaks!The EUR/USD pair is taking a break around 1.0960 after posting its biggest daily gain in a week during a two-day rally. This suggests that the Euro has been boosted by hawkish comments from European Central Bank (ECB) officials the previous day, while paying little attention to optimistic US data. However, cautious sentiment ahead of key speeches from top central bank figures including ECB President Christine Lagarde and Federal Reserve Chair Jerome Powell at the ECB Forum in Sintra has further fueled the currency pair's price increase.
by Sphyn-Trader