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6E1!

EURO FX Futures (6E1!), H4 Potential for Bearish DropType: Bearish Momentum Resistance: 1.00155 Pivot: 0.98445 Support: 0.95785 Preferred Case: On H4, as the price moving to test the descending trendlines, we have a bearish bias that the price may drop from the pivot at 0.98445, which is in line with the 23.6% fibonacci retracement to the 1st support at 0.95785 where the swing low is. Alternative scenario: Alternatively, the price may rise to the 1st resistance at 1.00155, which is in line with the overlap resistance and 61.8% fibonacci retracement. Fundamentals: There are no major news.
CME:6E1!Short
by Genesiv
EURO FX Futures (6E1!), H4 Potential for Bearish DropType: Bearish Momentum Resistance: 1.01315 Pivot: 0.99670 Support: 0.95785 Preferred Case: On H4, as the price moving to test the descending trendlines, we have a bearish bias that the price may drop from the pivot at 0.99670, which is in line with the 23.6% fibonacci retracement to the 1st support at 0.95785 where the swing low is. Alternative scenario: Alternatively, the price may rise to the 1st resistance at 1.01315, which is in line with the overlap resistance. Fundamentals: There are no major news.
CME:6E1!Short
by Genesiv
EURO FX Futures (6E1!), H4 Potential for Bullish RiseType: Bullish Momentum Resistance: 1.03220 Pivot: 0.99670 Support: 0.97270 Preferred case: On the H4 chart, we have a bullish bias, as the price breaking the long term descending trendline and above ichimoku cloud . The price may rise to the 1st resistance at 1.03220, which is in line with the 38.2% fibonacci retracement and overlap resistance from the pivot at 0.99670, where the 23.6% fibonacci retracement is. Alternative scenario: Price may go back down to the 1st support at 0.97270, where the previous swing low is. Fundamentals: There are no major news.
CME:6E1!Long
by Genesiv
EURO FX Futures ( 6E1!), H4 Potential for Bullish MomentumType: Bullish Momentum Resistance: 1.03220 Pivot: 0.99670 Support: 0.97270 Preferred case: On the H4 chart, we have a bullish bias, as the price breaking the long term descending trendline and above ichimoku cloud . The price may rise to the 1st resistance at 1.03220, which is in line with the 38.2% fibonacci retracement and overlap resistance from the pivot at 0.99670, where the 23.6% fibonacci retracement is. Alternative scenario: Price may go back down to the 1st support at 0.97270, where the previous swing low is. Fundamentals: There are no major news.
CME:6E1!Long
by Genesiv
EURO FX Futures ( 6E1!), H4 Potential for Bullish MomentumType: Bullish Momentum Resistance: 1.03220 Pivot: 0.99670 Support: 0.97270 Preferred case: On the H4 chart, we have a bullish bias, as the price breaking the long term descending trendline and above ichimoku cloud. The price may rise to the 1st resistance at 1.03220, which is in line with the 38.2% fibonacci retracement and overlap resistance from the pivot at 0.99670, where the 23.6% fibonacci retracement is. Alternative scenario: Price may go back down to the 1st support at 0.97270, where the previous swing low is. Fundamentals: There are no major news.
CME:6E1!Long
by Genesiv
6E1! Futures Ideas for the next daysSome ideas of possible operations on Future FX 6E for the next few days. I intend to apply them as intraday hedging positions, as an alternative to my usual scalping. Specifically, before carrying out my possible operations, I will need to have volumetric confirmation and volatility indications that reflect the previous conditions to determine a real interest in those price areas Let's see how the situation will evolve. Please do not take any of these ideas as a possible operational invitation. These are personal impressions, and do not want to give rise to any kind of investment
CME:6E1!
by TradeJacks
1
EURUSD 4 HOUR: as i predict before it reach fibo 61%in my idea and technical say eurusd target is fibo 161% near 1.064000 and in longh trem will see 1.14000 =fibo 61% weekly chart above green arrow when buy pinbar comes on 1hour or 4hour or daily chart ,dont fear pick buy and hold it 7-10 day i strongly advice dont pick sell signals ...only looking for buy in deep and pick buy when pinbar comes with... SL in pinbar low ...if you have open sell above green arrow close all wish you win
Long
by ramin_trader2006
3
EURO FX FUTURES (6E1!), H4 Potential for Bearish DropType : Bearish Drop Resistance :1.01020 Pivot: 0.99945 Support : 0.99945 Preferred Case: On the H4, with the price moving below the ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 0.99945, where the 38.2% fibonacci retracement are to the 1st support at V, where the 61.8% fibonacci projection and swing lows are. Alternative scenario: Alternatively, price could rise to 1st resistance at 1.01020, which in line with swing high and 38.2% fibonacci retracement. Fundamentals: Spanish Flash CPI y/y is out today, showing 10.4%, which is lower than the expectation and previous. Additionally, German Prelim CPI m/m will be out today, the expectation is lower than the previous. Therefore, we would hold a bearish bias of the EURO FX future.
CME:6E1!Short
by Genesiv
EURUSD 4hour : 2bottom, we must put buystop,,,,sellstop we can see DOUBLE BOTTOM pattern , so if price break trendline (1hour) near 1.05500 can fly up so dont fear put buystop , SL=low try hold it 7-8 day to 1.1050 area (fibo 61%), dont close it soon , after 50 pip move sl to open price ,let it go more if low break , eurusd can crash to new low around 1.000 (buylimit place for hold 20-30 day to new high ) if you have old buy , put hedge sellstop in low (30pip under low) good luck
Long
by ramin_trader2006
EURUSD daily : 1.08400 is very important place technical say 2 scenario possible , 60% break 1.08400 and go upper to fibo 61%=1.10500 or weekly chart fibo 61%= 1.15000 or 40% pullback down and start new down wave to red fibo 161% =0.97000 above green arrow we can buy for hold to next high with SL in 4hourlast low personaly i advice dont pick sell , looking for buy when pinbar comes on high time frame chart with SL under pinbar (pick selllimit under red arrow possible but with SL)
Long
by ramin_trader2006
1
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
CME:6E1!Long
by InnerMotionTrading
ALERT: very important trend line on eurusd can you see this big red trend(draw it on your trade platform) and 2 fibo (4hour and daily chart fibo) so red arrow is very important place =1.18460 this big trend break is Turning point , break it will start wild + trend on eurusd to minimum 1.2000(fibo 61% of daily chart) or fibo 161% =1.26000 note=on daily chart ichimoku cloud is in 1.1870 too advice= main trend is + DONT PICK SELL ,LOOKING FOR BUY IN DEEP or buystop on day high , if you pick sell now and remove SL , on high you will margincall (in red arrow you can put sellimit but with SL and trailstop near 20pip(200 in 5 digit brokers) ) if you have buy, wait until 1.2000(can take 20 day) , after +50 pip profit,move sl to open price,let it go upper
Long
by ramin_trader2006
8
27 july = ALERT OF BREAKOUT , eurusd can explode on chart big orange line is DAILY EMA200 thin orange line in upper is daily SMA200 if you have sell , you must put sl on that high(4-5 point above high) ,if you have buy,you must put sl in low or hedge sellstop (4-5 pip under low) note=in index like dax or nasdaq EMA200 (exponential movin avrage) is most important moving avrage in forex,gold,crypto SMA200 is most important moving average ,ema200 not important , 99% of pro traders use sma200(15-60-1440min) attention=AC ( or stochastic 7.4.4 )on 4hour chart give sell now ,so put buystop on high(sl in low) and sellstop in low (sl on high) is best orders for coming hours
Short
by ramin_trader2006
2
EUR at key 4h level ahead of GDP report EUR pulled back to 4h MA50. We are coming up on the Memorial Day holiday which will keep markets closed on Monday, May 31. That could bring some added volatility with traders readjusting positions ahead of the long weekend, as well as critical data coming up next week, including the May Employment Report. Fundamental analysis With 50% of the U.S. adult population now fully vaccinated and most states close to fully reopened, it seems reasonable to say we are entering the early stages of the post-pandemic era. One of the key themes that has driven bullish momentum in EUR during the pandemic is that we were headed toward a post-pandemic economic boom fueled by cheap and easy money, cheap energy costs, and a lot of available (aka cheap) labor that weakened USD. In reality, energy is kind of cheap-ish, but labor is not so readily available or cheap, and the "cheap and easy" money provided by the Federal Reserve may not last as long as some expected. In fact, money could get more expensive if inflation starts running even hotter and the Fed is forced to raise interest rates. The landscape is of course still evolving so the "trifecta" of cheap and easy energy, labor and money could still happen but investors are definitely reassessing, which is partially reflected in this long consolidation period that stock market has recently been stuck in. The labor market has been one of the biggest puzzlers and investors hope the May jobs report next Friday will provide more clarity. Many economists are dialing back their expectations for the labor market, including some Federal Reserve officials. St. Louis Fed president James Bullard said this week that +500,000 jobs a month is a realistic expectation versus the +1 million some had been hoping for. Dallas's Robert Kaplan warned that a rate closer to last months gain of +266,000 could be repeated in May. Typically, a weak labor market would mean an accommodative Federal Reserve. Instead, that weakness along with numerous supply chain issues and materials shortages has been contributing to inflation pressures that some fear could be long-lasting. It's hard to overstate the extreme level of uncertainty this has created for investors. Technical analysis The 4h MA50 is the consolidation zone now. If the current range holds, the bulls will target new higher highs between 1.231 and 1.235. A lot depends on today’s data. I will not be surprised to see increased volatility. And if current support fails, bears will target 4h MA200. Ahead of the GDP report it makes perfect sense to reduce your exposure and trade after the market digests the news.
CME:6E1!
by Inna-Rosputnia
What is happening with the economy and what does it mean for EURCovid has largely taken a back seat on markets expected to be fully open this summer. The situation is not as bright in some other parts of the world but for now, investors don’t seem overly concerned. Most Western countries are on a similarly positive track as the U.S., but as we are learning, bringing the global economy back online is a lot more complicated than shutting it down. Fundamental analysis Getting both products and workers where they are needed continues to be a massive challenge and one of the results has been a wave of higher prices. The Federal Reserve expects these disruptions to start easing later this year. However, there are a few supply shortages that can’t be solved quickly and will likely linger into 2022, such as computer chips and lumber. Meaning the higher prices and shortages in those items can and is spilling over into other channels. The mere “perception” of inflation may be driving price spikes as well. Some economists have been pointing to commodity prices which they believe are partially roaring higher because investors are putting money into them as an inflation hedge and creating somewhat a self-fulfilling prophecy. This is a pattern definitely seen in Treasuries this year with yields on the benchmark 10-year waxing and waning in step with inflation headlines. Likewise, the “perception” of a high inflationary environment along with a more hawkish Federal Reserve could also spur analysts to start slashing earnings expectations, in turn pushing more stock investors to the sidelines. Regional manufacturing indexes this week added to the inflation worries with the prices paid components in the Philadelphia survey hitting levels not seen since the 80s while New York’s hit all-time highs. At the same time, both surveys reflected a slowdown in manufacturing activity which is thought to be the result of supply chain bottlenecks. The declines were not due to a slowdown in demand as unfilled orders spiked in both regions. Data today includes Flash PMI for May and Existing Home Sales. Looking a little further out, key reports that inflation watchers have on their radar include April PCE Prices due out next Friday, which is considered the Federal Reserve’s favored inflation gauge. Also, the first week of June will bring ISM inflation gauges for both the manufacturing and services sectors, as well as the May Employment Report. Technical analysis MA50 on the 4h chart held. The price action is neutral now. If price finally breaks the 1.225 resistance, bulls will target 1.2310 and 1.234 in extension. On the other hand, if the ma100 on the 4h chart breaks, look for the ma200 on 4h and daily ma50. The range between mentioned levels is no man's land and difficult to trade.
CME:6E1!
by Inna-Rosputnia
EUR Futures Are Pulling Back Ahead Of FOMC – What’s Next?Exploding consumer demand has helped usher in material and labor shortages that are not only driving up costs and fanning inflation worries, they are also reducing manufacturing output. Fundamental analysis That means fewer pieces, parts, and finished goods sold all the way through entire supply chains. Companies may be able to offset higher costs and lost sales through price hikes on some things, but bigger-ticket items like cars, appliances, and even houses will be more difficult to make up for in growth. Lost sales for the service industry really can’t be made up, so businesses like restaurants or hotels that are understaffed may not be able to fully capitalize on the reopening boom. The reopening is also bringing a shift in how consumers spend their money. Walmart, for instance, reported e-commerce sales growth of +37% for the first quarter, which was down from a +69% gain in the fourth quarter. Analysts are taking this and other reports of slower online sales as confirmation that the blistering growth witnessed during pandemic lockdowns is not sustainable. Investors have largely expected online shopping growth would moderate this year but are still trying to figure out what the “new normal” might be. Before the Covid-19 crisis, e-commerce sales were growing at about a +15% annual rate. Additionally, investors are unsure whether lower online sales will be offset by in-store sales growth. There is some expectation that more consumer spending will migrate to the services sector as travel, dining, and live entertainment all become options again. Hence, the still ongoing rotation out of some of the pandemic darlings and into sectors and companies that might have more growth potential as the economy reopens. FOMC “minutes” The economic highlight will be the “minutes” from the Federal Reserve’s April FOMC meeting. The bank last month left its extremely accommodative monetary policy unchanged, saying the U.S. economy still needed to make “substantial further progress” toward its goals. Keep in mind, one of those goals is “full employment” which the Fed has never really provided a hard number for. However, after March’s jobs report showed a surprisingly strong +916,000 gain, Fed Chair Jerome Powell did say he wanted to see a “string of months” showing the same strength. As we know, the April employment report only showed a gain of +266,000 new jobs. At the same time, there are growing concerns that the Fed is “behind the curve” in regard to inflation with higher prices now popping up all over the place. Analysts will be looking for hints in the minutes that Fed members may be shifting their stance a bit or perhaps getting more nervous about inflation. I should also note, there will likely be an unusually high level of scrutiny given to the Philadelphia Fed Manufacturing Index today. Technical analysis The EUR futures tested 1.2240 resistance which has been bulls’ swing target for some time. There is no surprise we see a pullback. It is advised to reduce exposure ahead of the FOMC meeting. The new direction will be clear once the market digests the FOMC statement. In general, failure to break the resistance mentioned above can bring the price down to ma50 and ma100 on the 4h chart. And if it finds support there, we can expect a new higher high near 1.23100
CME:6E1!
by Inna-Rosputnia