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Eurusdupdate

EURUSDThis Is An Update On The EURUSD Setup I Shared With You Guys Yesterday, We Broke Structure to The Upside On The Dollar Index But That Isn't So Clear On The EURUSD And We Also Had SMT Divergence Inside The Fair Value Gap With EURUSD Taking The High Of The Fair Value Gap And The Dollar Index Failing To Take The Low Of It's Fair Value Gap, I'm Not 100% Convinced We May See Shorts Now But This Is Just My View Currently On The EURUSD And Price May Disregard It And Continue Higher.
Short
by TheHumanArsenal26
BluetonaFX - EURUSD Ascending Channel Vector Target HIT!Hi Traders! The price action from our EURUSD ascending channel setup from earlier today (LINK BELOW TO ORIGINAL IDEA) played out exactly as we anticipated and hit our exact price target. There was brief resistance at the first vector level at 1.09483, and afterwards the market rallied to the upper vector level at 1.09766 and found resistance at that level. We now need to wait and see if there is a continuation to retest 1.10000. Please do not forget to like, comment, and follow, as this greatly helps us. Thank you for your support. BluetonaFX
by BluetonaFX
2
EURUSD: ECB President Lagarde Speaks!The EUR/USD experienced a slight increase on a calm Monday in the financial markets. This week, important inflation data will be released, and central bankers will be making speeches. The US dollar weakened moderately on Monday due to a decrease in US yields and a rise in commodity prices. On Monday, data was released showing a decline in the German Ifo, following pessimism triggered by PMI data on Friday. The headline index for June dropped from 91.5 to 88.5, which was below the market's expectation of 90.7. Additionally, the Expectation Index fell from 88.3 to 83.6, and the Current Assessment decreased from 94.8 to 93.7. The European Central Bank's forum on central banking in Sintra has begun, with numerous central bank officials from around the world attending. ECB President Lagarde and other policymakers will be speaking multiple times, starting on Tuesday. If the ECB wants to communicate a message to the market this week, it has an opportunity to do so. It is most likely that they will stick to the current "data-dependent" approach and signal another rate hike in July. Fed Chair Powell will also be speaking at the Sintra forum on Wednesday, but it is unlikely that there will be any surprises
Long
by Sphyn-Trader
2
EURUSD: Economic influence!According to The Guardian on June 8, gross domestic product (GDP) across the eurozone fell 0.1% in the first quarter of this year, worse than the previous forecast that the eurozone economy just stalled. Specifically, Eurozone GDP shrank by 0.1% in the fourth quarter of 2022, meaning that the eurozone economy shrank for two consecutive quarters. The definition of a recession is an economic contraction for two consecutive quarters. The GDP of the Eurozone fell due to being dragged down by Ireland. Ireland's GDP fell 4.6% in the first quarter of this year, although economists have questioned whether that really reflects the performance of the Irish economy. The Lithuanian economy shrank 2.1%, while the Dutch economy shrank 0.7%. Germany, Europe's largest economy, shrank 0.3% and also fell into recession. The European economy has been hit by economic disruptions amid the conflict in Ukraine, which has sent energy and food prices soaring. This situation has led to a series of rate hikes, as the European Central Bank (ECB) seeks to combat higher inflation. Diego Iscaro, Head of European Economics at S&P Global Market Intelligence, forecasts that as the impact of higher interest rates has yet to be fully felt, economic activity in the eurozone will be sluggish throughout. remainder of 2023.
Short
by Sphyn-Trader
EUR/USD 1 hour chart analysis: 60 pips fall?Dear traders, EUR/USD has been struggling to break the 1.0785 level for the last 12 hours. If you look at the hourly chart, you can see plenty of bearish candlesticks in the congestion zone that I have highlighted in my chart. So, based on the above, if the price doesn't break the 1.0785 level, EUR/USD can fall back down to the 1.0720 level . Short-term traders can take advantage of this and bag 50-60 pips profit from the potential fall in EUR/USD.
by YourLazyTrader
13
EURUSD: Things you need to know!Fundamental analysis: The support and resistance zones are effectively fulfilling their role, as usual, by eliciting a response above the gold price line. The RSI indicator indicates that liquidity is slowly accumulating, which suggests a potential reversion to a downtrend. Market overview: The EUR/USD rose again, posting its highest daily close in a month above 1.0800, despite the US Dollar's recovery triggered by the hawkish hold from the FOMC. Attention now turns to the European Central Bank (ECB) meeting and upcoming US data, which could become more relevant given Fed Chair Powell's statement that the July meeting will be a 'live' meeting." The ECB will have its Governing Council meeting on Thursday. It is expected to hike interest rates by 25 basis points. The key for the Euro will be the language used in the statement and ECB President Lagarde’s comments during the press conference. Probably, she will repeat that they are not done raising rates. If the meeting turns out to be 'dovish', with signals of a potential pause, the Euro could suffer.
Short
by Sphyn-Trader
3
BluetonaFX - EURUSD 12/06/2023 Key Levels UpdateHi Traders! PLEASE SEE LINK TO ORIGINAL IDEA BELOW.  Our vector level of 1.08047 is still holding; we reached this level yesterday but failed to break and close above the level. Traders are still attempting to break and close above this level today, so we will see if it happens this time.  The volume in the markets this morning is very thin, so please take caution as we have the Federal Reserve's interest rate announcement later today. Please do not forget to support us by liking, following, and commenting on our posts; this helps us greatly. Thank you for your support. BluetonaFX
by BluetonaFX
2
EURUSD 05/06/2023 TRADING LEVELS UPDATEHi Traders, PLEASE SEE LINK TO ORIGINAL IDEA BELOW. Rounding off the week with an update to our forecasted EURUSD levels on the 1D chart. After the bounce from the 78.6% Fibonacci support level, there was a bullish push upwards (highlighted on the chart) and we have now pulled back near our forecasted Vector Resistance 1 level at 1.08047. The trading range on EURUSD was quite small this week as we have traders waiting for both the ECB & Federal Reserve interest rate decision announcement next week. We will continue to analyse the markets and will have new levels for you for the upcoming trading week. Please do not forget to like, comment and follow. Thank you for your support. BluetonaFX
by BluetonaFX
4
EURUSD: Tumultuous week!Overview of the market On Tuesday, the EUR/USD experienced a slight increase of fewer than 30 pips. However, this was enough to make it the Euro's best day in over a week. The pair's rebound was due to a decline in the US dollar against European currencies and the yen, after hitting two-month lows at 1.0670. In Spain, data indicated a decline of 0.2% in the Harmonized Index of Consumer Prices in May, causing an annual rate fall from 3.8% to 2.9%, which was larger than expected. Although this news was positive for the European Central Bank (ECB), it could have negative implications for the common currency. Inflation data from Germany and France is due on Wednesday, which could ease tightening expectations from the ECB if preliminary May estimates also show significant declines in their annual rates.
Short
by Sphyn-Trader
1