Euro - 6e FXWith the ECB's rate hikes heading into Summer- the 6e being
the largest weighting in the 6 Basket - The DX can and likely
will make an RT.
Mid Curve rates may fall as well.
A geopolitical event would sh_t mix this...
M6E1! trade ideas
EURO FX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)Breaking the strong bounce zone and continuing the landing, and now it will continue to descend to the lowest of the bottom junctions.
EU Futures Full Fulcrum formedEntered 05/05/22 but will offer more entries next week unless Fulcrum is broken.
Reason For Entry: Full Fulcrum was forming with low probability of breaking due to volume during the Fulcrum so risk was limited. You will note we have weekly lows at the same level for 2 consecutive weeks followed by a considerable rally.
Long EUR FuturesBuyers and Sellers are keeping price in a Range
Buyers are holding at the low
Buyers step up
Buyers get washed and Pivot is created
Buyers step back up and take price higher
Buyers are turning price up
Looking For a Double of the Range
Timing is everything! While the general direction for the US Fed and the ECB are similar, their timelines differ greatly!
On the US Fed (USD) front, we are days away from the next FOMC meeting (4th May 2022) where market participants are expecting a 50 bps hike. On the ECB (EUR) front, the ECB is expected to taper its asset purchase program by early Q3, before it will consider any rate hikes.
The difference in timelines of the Fed and ECB could provide some interesting hints on where the EURUSD is heading in the short term. With the Dollar being the first mover here, we expect strength in the dollar to drive the EURUSD lower over the short term before the ECB firms up its hike schedule.
The EURUSD pair is also trading just below the 7- year support level. Zooming in on a shorter timeframe, we also spot a breakout and retest at this level, suggesting the move has begun.
Entry at 1.08070, stop above 1.12080. Targets are 1.06760 and 1.03835.
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
Bullish Divergence in Euro FuturesBasically the same idea that I posted last week about the Bearish Divergence in $DXY but more time has passed, and it looks even more pronounced in the Euro itself.
Pick your poison: /6E, /M6E, EURUSD are all good Long candidates to play this idea. Another good option could be to short /SFX - which is the Small Exchange's US Dollar Futures contract. If you don't know about The Small Exchange, I'd highly recommend looking into their products.
community.thesmallexchange.com
LONG EUI am expecting a run lower on DXY thus EU should go higher
Yield divergence on 4H
Seasonal tendencies
Cot
and Quarterly shift align for a bullish quarter
Controlling TL since Feb 10thTechonomic Trading Strategies has been looking for an area to short (scalp) the Euro. We shorted (@1.10755) after the second failed retest on the hour chart of a controlling TL that has been in place since Feb. 10th. In such volatile markets it's a double edge sword to have a such a tight stop @1.11020. However, during such volatile times, preservation of capital with tighter stops is a must in order to trade again another day.
EURO Futures contract- price should retrace to the imbalance marked on chart and then bounce off that area
- looks weak at the moment but i believe it to be strong in the long run
My OTE entry for a swing long is towards the bottom of the area of imbalance below current price
Front running CPI on Thursday with analysis of strong CPIFeb 8th Techonomic Trading Strategies posted we were reversing our long position from a bounce off a multiyear trendline with anticipation of strong resistance holding with a hot CPI. Not only did we get it right, then Fed Gov. Bullard made comments of a 50-basis point hike in March and with the addition of possible Russian invasion of Ukraine this week in the news seemed to put wind to our back for this trade. We've held our position through the weekend an expect the yearly lows to be tested with-in the coming weeks. Techonomic Trading Strategies, 90% Technical Analysis with 10% Fundamental Analysis. Trading made simple.
EURO FX FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)The Oro is impressively moving and making a very strong percentage, and now we keep an eye on it because it might bring back another very strong movement, and God willing is good.
EURO Index - EURUSD - ShortDear All,
Again great chance to short EUR index, it means EURUSD will be short as well.
Good Luck
Multiyear Trendline confluence Bounce updateOn January 31st and February 2, Techonomic Trading Analyst posted a confluence of 2 multiyear Trendlines coming together for the Euro with a clear divergence in Price and RSI. Additionally, we posted that in our opinion this move had legs on that merit alone and that the ECB rate Decision and follow up jargon by the ECB could add strength. Techonomic Trading Sytems (90%) Technical Analysis with (10%) Fundamentals. Trading made easy.
EURUSD ANALYSIShello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
that it is a analysis of EURUSD
so be careful when you trad EURUSD
Multiyear Trendline confluence BounceLast week, Techonomic Trading Analysts identified a possible good risk/reward entry point for the Euro coming oof a Multiyear Trendline confluence. Judging from the divergence in Price and RSI, we feel this move has some legs. ECB rate decision and especially the jargon that will follow will be the driver for further gains, Techonomic Trading System 90% Technical Analysis and 10% Fundamental. Trading mad simple
EURUSD SHORT JAN 2022looking for a run to 2020 lows after a failed breakout trapped longs I'm expecting a big move out of this 4 month consolidation lower
EURO Index - EURUSD - ShortDear All,
You could see amazing Euro Index Analyze.
I expect we will go down one more wave. If it happen so we have EURUSD down as well.
I short already EURUSD and SL would be only 30 pips. SO Risk/Reward will be great. Minimum we will touch last floor but my idea is much more!
Good Luck
EUR Index - bearishDisgusting correction back to descending trendline. Bearish when we hit the descending trendline where we have the 50 fib EURXXX SHORT (Not EURGBP cos we're expecting GBP weakness which should push EURGBP higher)
EURUSD - Breakout 1 accomplishedFurther to my previous analysis first confirmation of trend change has occurred.
EURUSD - probability to the upsideEURO FX futures traced five up and three down, 1.1230 is the critical level for this count. We need to see two breakouts for confirmation of the trend.
