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Eurusdupdate

EURUSD: The US interest rate outlook is the main weight for currMost Asian currencies fell sharply in the past two sessions, as the market began to reassess the possibility of the Fed cutting interest rates soon. Higher interest rates for longer reduce the appeal of risky, high-yield assets and also limit foreign capital flows into regional markets. Powell's comments late Sunday reiterated the Fed's earlier message that the economy's resilience gives the bank more room to maintain a restrictive monetary policy. This caused traders to largely abandon expectations that the Fed would start cutting interest rates in March or May. CME's Fed Rate Tracker shows an 83% chance the Fed will hold rates steady in March and a 35% chance the Fed will hold rates steady in May, up significantly from a 9th chance. 9% was seen last week.
Short
by Chart_MasterPro
EUR/USD Longs from 1.07500 up towards 1.08800For EURUSD this week, my analysis closely mirrors what I've observed with GBPUSD. I anticipate a similar scenario unfolding, where I expect price to dip slightly further to interact with the refined demand zone on the 2-hour timeframe. Following this interaction, I'll be on the lookout for a bullish response. Alternatively, if price doesn't reach this demand zone, I foresee a swift retracement to fill the imbalances from NFP Friday, followed by potential distribution within the newly identified 10-hour supply zone. Should this supply zone be tested first, my strategy will involve selling positions targeting the 2-hour demand zone. Confluences for EU Buys are as follows: - Price is near a clean 2-hour demand zone that has broken structure to the upside. - Liquidity above zone so when it gets swept we can expect price to re-accumulate within our zone to then buy back up. - There's lots of liquidity to the upside that needs to be addressed as well as some imbalances. - Dollar (DXY) is still looking bearish as well which means more upside is still left for EU. P.S. Should the 2-hour demand zone be breached, I anticipate a shift towards a bearish trend, as it represents the final support connected to that wing point. Keep your zones pre-marked to stay prepared for any sudden price movements. Have a great week everybody!
Long
by Hassan_fx
6
EURUSD Longs from 1.08300 or 1.08000 back upThis week's bias for this pair aligns with GU, and I'll be aiming to initiate long positions from the demand levels positioned just beneath the current price. Whether it's from the nearby 2-hour demand zone or the 10-hour demand zone situated below, my objective is to buy back up to a supply level or potentially target the equal highs positioned above. Ideally, I'm hoping for price to form a Wyckoff accumulation within my designated demand zones and provide a strong confirmation signal. If this doesn't happen, I'll wait for that zone to be breached, anticipating the spring to occur within the more favorable 10-hour demand zone. Confluences for EURUSD are as follows: - Price has been temporarily bullish to the upside and the 10hr demand zone caused BOS. - I will be anticipating a Wyckoff accumulation to start formulating within my demand region. - A pullback has been initiated from the reaction of the 6-hour supply zone. - Lots of liquidity to the upside in the form of Asian highs and equal highs. - Dollar (DXY) is looking to be bearish so I'm expecting this to be bullish. P.S. While I maintain a bullish stance on this pair, I wouldn't be caught off guard if the reaction from the 6-hour supply zone triggers further downward movement, potentially breaking the structure to the downside. In such a scenario, I'll be more inclined to explore selling opportunities. LAST WEEK OF JANUARY LETS HAVE A GREAT TRADING WEEK!
Long
by Hassan_fx
3
EURUSD Shorts from 1.09400 down towards 1.08000EU is currently exhibiting a similar pattern to other pairs, and my current stance for this currency pair is bearish. I'm patiently waiting for the 12hr supply zone to be mitigated, considering it as the nearest opportunity of interest for me. This aligns with the overall higher time frame trend, which is bearish. Upon the mitigation of this zone, my plan involves waiting for a Wyckoff distribution to unfold within the specified area. Ideally, I will be looking for the Asian high within the zone to be swept. Following this occurrence, I will then be looking for selling opportunities back down to address the imbalances left below. Confluences for EU sells are as follows: - 12hr Supply zone caused a BOS to the downside on the higher time frame - Imbalances and liquidity below that needs to get taken as well as a demand zone that needs mitigating. - Overall trend of the market is bearish on the higher time frame. - We are currently witnessing a pullback and I'm looking for my POI to continue this trend. P.S. While I maintain a bearish outlook, I acknowledge the presence of equal highs above my zone, which could potentially lead to a break beyond my supply. In such a scenario, I recognize that price might aim for higher levels to enter a more premium area. HAVE A GREAT TRADING WEEK AHEAD!
Short
by Hassan_fx
EURUSD Seasonal & Technical Analysis: In this comprehensive video analysis, we delve into the technical indicators and historical patterns of the EURUSD currency pair, aiming to provide valuable insights for traders and investors. Our analysis strongly suggests the continuation of bearish momentum for EURUSD. Starting with the weekly and daily time frames, we identify prominent head and shoulder patterns that are indicative of a potential downturn in the market. These patterns often serve as reliable signals for trend reversals, and their presence across multiple time frames enhances their significance. Furthermore, our analysis extends to the seasonal aspect, where a decade-long examination reveals a compelling trend. Over the past 10 years, a remarkable 80% of the time between January 17th and March 1st has seen bearish movements in the EURUSD. This historical trend strengthens the argument for a continued bearish trajectory in the upcoming weeks. Whether you're a seasoned trader or someone looking to understand the dynamics of the currency markets, this video analysis provides a comprehensive overview of the technical factors and historical trends supporting the belief that EURUSD is poised for a sustained bearish phase. Stay informed and make well-informed decisions by tuning in to this in-depth analysis.
Short
by ManilaFXTrading
EURUSD: The USD is quiet with low trading volumeThe dollar was weak in early European trading on Monday as traders weighed the possibility of an early interest rate cut by the Federal Reserve and a U.S. holiday slowed trading volume. At 4:35 p.m. ET (9:35 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, was trading 0.1% higher at 102.242 as the holiday began. Martin Luther King Jr. Data released on Friday showed the U.S. producer price index unexpectedly fell in December, increasing traders' expectations that the Federal Reserve will start cutting interest rates as early as this year. According to the CME FedWatch tool, the market now has a 78% chance that the Fed will start cutting interest rates in March, compared to a 68% chance a week ago. This week's US statistical calendar is quiet, with the focus on retail sales figures scheduled to be released on Wednesday. Investors will be closely watched for signs that consumer spending, a key driver of economic growth, remains resilient despite rising interest rates. Retail sales are expected to increase by 0.4% in December, following a 0.3% increase in November. Investors will also have the opportunity to hear from several Fed officials, including Fed President Christoper Waller, Atlanta Fed President Rafael Bostic, and San Francisco Fed President Mary Daley. The value of the euro rose even though Germany's GDP fell In Europe, the euro/USD pair edged up to 1.0953, even as data showed the eurozone's largest German economy contracted by 0.3% in the final quarter of the year. Last year and he will decrease by the same amount throughout 2023. But despite this weakness, recent inflation data largely confirms the European Central Bank's current thinking, meaning rate cuts are not on the table in the short term, said ECB chief economist Philippe. Lane said Friday. Eurozone inflation rose to 2.9% in December from 2.4% in November.
Long
by Chart_MasterPro
EURUSD Longs from 1.08000 back upCurrently, EURUSD has been in a prolonged range, gathering significant liquidity. Given the current state of equilibrium, I am not actively seeking trades at this moment. However, I anticipate a potential move to unfold, continuing the bullish trend. For now, I will be patiently waiting for a breakout before considering any trading opportunities. There is another plausible scenario where price breaks above to mitigate the 10-hour supply zone, leading to a bearish reaction. This possibility is valid, considering the imbalances just below that need filling and liquidity that requires sweeping. My confluences for EURUSD buys are as follows: - A 10-hour demand zone below triggered a new CHOCH to the upside. - The overall short-term trend is bullish, aligning with this idea. - Imbalance above the demand signals a favourable reaction at my POI. - Abundant liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. - I also expect the dollar to keep dropping indicating that EU will keep going up. P.S. As price is still considerably distant from any nearby Points of Interest (POI), I am content to wait patiently and refrain from taking any immediate action until price triggers one of the levels I am monitoring. Have a great trading week ahead!
Long
by Hassan_fx
6
EURUSD END-WEEK ANALYSIS 2 UPDATE 08/10/2023 Market Update: A Shift in EUR/USD Sentiment As anticipated, we witnessed a small pullback in EUR/USD, hinting at a bearish trend resumption. However, the market structure has taken an unexpected turn. Heading into next week, I'll be shifting my focus towards long positions. Stay flexible, adapt to changing conditions, and, as always, manage risk diligently. 🚀💹 #EURUSD #Forex #TradingView #TradingStrategy THIS IS THE SAME FOR ALL THE OTHER MAJOR PAIRS
Long
by Dion-FX
EURUSD Longs from 1.09200 or @1.08000 Back upEURUSD shares a similar bias with GU, but the price exhibits more imbalances and liquidity at greater distances. While there is a 50-minute demand zone near the current price, I anticipate only a minor reaction from it. My primary buying opportunities are within the 10-hour demand zone, which offers a more discounted price. Alternatively, there's a possibility that price continues its upward movement, reaching the 10-hour supply zone above. This represents a promising Point of Interest (POI) for me, where I expect price to undergo distribution before a potential sell-off. However, at the moment, I'm patiently waiting for price to accumulate within either of my demand zones to capture buying opportunities along this temporary bullish trajectory. Confluences for EURUSD buys are as follows: - Bullish pressure weakens, evident in a CHOCH and confirmed by a BOS - A 11hr demand zone below triggered a break of structure to the upside. - The market trend is bullish, aligning with this idea. - Imbalance above the demand signals favourable reaction at my POI. - Abundant liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. - Lots of imbalances lying below that need filling before price continues to ascend. P.S. Although my long-term outlook for this market remains bearish, I will be actively seeking buying opportunities for EURUSD as the dollar continues to exhibit a bearish trend.
Long
by Hassan_fx