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Eur-usd

EURUSD hit the bottom of the Channel Down.The EURUSD pair hit yesterday the bottom (Lower Lows trend-line) of the Channel Down that started after the July 27 High. As the 4H MACD is about to form a Bullish Cross, this emerges technically as a buy opportunity on the short-term. Our target is 1.0850, just below the top (Lower Highs trend-line) of the Channel Down, marginally below a projected +1.42% price range, which was the lowest so far rebound within this pattern. The 4H MA200 (orange trend-line) is the short-term Resistance while the 1W MA50 (red trend-line) the long-term Support, where closing below restores the bearish trend for more months to come. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
5
EURUSD: Direct Higher Low on the Channel's bottom. Buy signal.EURUSD made a direct hit at the bottom of the long term Channel Up pattern. This is a Higher Low on the upward sequence and the slightly red 1D technicals (RSI = 39.887, MACD = -0.004, ADX = 31.250) historically indicate within this pattern that this is the lowest risk buy entry. In addition, the 1D RSI made the Higher Lows pattern on the S1 zone, which is consistent with the Channel bottoms of May 31st and March 8th. We have a buy position now, aiming at a +5.50% extension (TP = 1.13600). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
7
EUR/USD - JUST A CORRECTION? The price unfolds as previously forecasted. Currently we finished 5 subwaves in the upside that formed the corrective Wave A, as part of the Wave 4 from the bigger 5 Waves on the downside now. We will expect the corrective Wave 4 to continue to unfold, before we can say for sure that the Wave 5 impulse started on the downside! See the chart for a more clear idea of what I'm talking about. Thank you! From a fundamental perspective, there are a number of factors that are weighing on the euro. The European Central Bank (ECB) is expected to keep interest rates low for the foreseeable future, which makes the euro less attractive to investors. Additionally, the eurozone economy is facing headwinds from the ongoing war in Ukraine and rising inflation. From a technical perspective, the EUR/USD pair is trading below the 200-day moving average, which is a bearish signal. The pair is also trading below the support level of 1.0832. If the pair breaks below this level, it could decline to the next support level of 1.0609. However, there are some technical indicators that suggest that the EUR/USD pair could be bottoming out. The Relative Strength Index (RSI) is approaching oversold levels, and the stochastic oscillator is crossing over from oversold territory. This suggests that the pair could be due for a rebound. Overall, the EUR/USD exchange rate is facing a number of headwinds from a fundamental perspective. However, there are some technical indicators that suggest that the pair could be bottoming out. Traders should closely monitor the price action in the coming days to see if the pair can break out of the current downtrend. I hope this post is helpful. This analysis represents only my personal thoughts and knowledge at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
Short
by YExplore
EURUSD 1st hit on the 1D MA200 after 9 months! BUY!!The EURUSD pair finally hit the 1D MA200 (orange trend-line) for the first time in 9 months (since November 30 2022). That is a direct hit at the bottom (Higher Lows trend-line) of the 2023 Channel Up, which is so far holding. Perhaps the strongest buy signal that we could see also emerged, as the 1D RSI hit the 33.00 Support, which formed the bottoms of May 31 and February 24. Based on all the above dynamics, this is the strongest buy opportunity on EURUSD on a 3 month horizon. It will be confirmed after it closes above the 4H MA200 (green trend-line) but the Risk/ Reward ratio is good enough for a buy entry now. Our first Target is the 0.786 Fibonacci Channel level at 1.13000 and second the 1.14000 (would complete a +6.00% rise from the current bottom level). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
3
EURUSD Key levels pivotal as NFP nears The 4-hour chart on the EUR/USD displays a possible bearish bias, but there are some indications of consolidation after the small rebound observed on Friday. At present, the price is lingering around the 20-day Simple Moving Average (SMA). To improve its bullish outlook, it would be necessary for the Euro to hit 1.0840 and for other technical indicators (that have shifted away from their bearish inclination) to remain in its favor. The attention is now directed towards upcoming employment and inflation data. The JOLTS Job Openings report is scheduled for release on Tuesday, followed by the ADP survey on private job creation, in anticipation of the Nonfarm Payrolls report to be unveiled on Friday. In the realm of European data, emphasis is also placed on inflation reports. Commencing Wednesday, Eurozone nations will commence the release of preliminary August Consumer Price Index (CPI) data. Additionally, on Tuesday, the German Gfk Consumer Confidence survey is set to be published. If there is a weekly closure in proximity to the current levels after the US jobs reports, it might embolden sellers in the next week, potentially opening the price zone around 1.0733. In the meantime, resistance could potentially be encountered at levels 1.0840 and 1.0910.
by BlackBull_Markets
EURUSD - Short trade FX:EURUSD Based on swing trade idea, using Fibs on daily TF, I see an opportunity to short this pair using fibs level and price action, swing high and swing low on higher time frames. Also EMA 200-100-50-20 indicate a strong downtrend Current short move started from around 1.126 where EUR/USD finds the resistance level Last 3 highs and lows create an rising channel but overall the pair is bearish and if we move to Monthly TF can observe better the area were we are, testing the previous support that becomes resistance for current move.
Short
by Andrei_C
EURUSD...DT (2D)⚠️ TREND — Momentum: Big Picture Uptrend — Price Action: Downtrend Retracement — CounterTrend: YES (moderate risk trade) TEHNICAL ANALYSIS —The price is currently trading below the 50-day moving average (MA), which is a bearish signal. —The MACD indicator is also bearish, with the MACD line below the signal line. —The RSI indicator is neutral, with a reading of 50. FUNDAMENTAL ANALYSIS Bullish Factors — The European Central Bank (ECB) is expected to keep interest rates low, which will make the euro more attractive to investors. — The eurozone economy is expected to grow at a faster pace than the US economy in the coming quarters. — The eurozone is a net exporter of goods and services, which will benefit from the stronger global economy. Bearish Factors — The US dollar is strengthening against most other currencies, which could weigh on the euro. — The US economy is expected to grow at a faster pace than the eurozone economy in the coming quarters. — The US Federal Reserve is expected to raise interest rates more aggressively than the ECB, which could make the dollar more attractive to investors.
Short
by ProfessorCEWard
EURUSD Time to turn bullish again.The EURUSD pair has almost hit the sell target that we set on last week's analysis (see chart below): This is an update to that idea as the price is now not only approaching the bottom of the 9 month Channel Up but also the 1D MA200 (orange trend-line), having the 1D MA50 (blue trend-line) as a Resistance. Being only a few pips before completing the -4.11% decline of the previous Lower Low correction in May, it is worth booking any sell profit and turn bullish again for the long-term. If you want to wait some more however, the last buy condition will be fulfilled when/ if the 1D RSI hits the 33.00 Support, where it rebounded on both the May 31 and February 24 lows. As far as our target is concerned, we aim at the 0.786 Fibonacci retracement level - Internal Higher Highs Zone at 1.14000. That would also complete +5.50% rise, similar to April's Higher High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
EURUSD medium term bias remains bearish.EURUSD - 24h expiry A Doji style candle has been posted from the base. Buying posted in Asia. The medium term bias remains bearish. Bespoke resistance is located at 1.0933. Previous support, now becomes resistance at 1.0929. Preferred trade is to sell into rallies. We look to Sell at 1.0933 (stop at 1.0963) Our profit targets will be 1.0858 and 1.0838 Resistance: 1.0929 / 1.0933 / 1.0965 Support: 1.0845 / 1.0795 / 1.0750 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
1
EURUSD 20/8/23EURUSD has a pretty much identical setup to our GU trade idea given earlier, now we have the same cons for this markup so high volume POI c-swing potential setup if we shift lower for BOS of the 5min range, bank zones and liquidity. For now we are still waiting on our order flow change to confirm our SWH on this range BUT we are prepared when we do put it in! **KEY NOTE** Jackson hole meetings this week that always shake up the markets so please keep an eye on that event! Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
2
U.S Dollar Fundamental Analysis for Fri Aug 18th, 2023The dollar index eased to around 103.2 on Friday but was still on track to advance for the fifth straight week, as minutes of the Federal Reserve’s July meeting showed that policymakers stressed that upside risks to inflation remain, leaving the door open to further policy tightening. However, some participants flagged the economic risks of pushing rates too far, emphasizing that future rate decisions would depend on incoming data. The latest data also showed that the number of Americans filing new claims for unemployment benefits fell last week, pointing to continued tightness in the labor market. The dollar is set to gain against most major currencies this week but remains down against sterling as key measures of price growth monitored by the Bank of England failed to ease in July. The yield on the 10-year Treasury slid to 4.22% on Friday after rising to as high as 4.328% in the previous session, the highest since October 2022 and just a tad below its highest level since 2007. The fluctuation is due to investor concerns about the economic impact of high interest rates. The Federal Reserve's meeting minutes from July highlighted that there are still risks of higher inflation, suggesting the possibility of more tightening of monetary policy. Despite recent data indicating a decrease in inflationary pressures, a strong US economy and a robust job market are reasons supporting the continuation of high interest rates. The average rate on a 30-year fixed mortgage jumped by 13 basis points from the previous week to 7.09%, the highest since 2002, as the hawkish outlook for the Federal Reserve underpinned expensive mortgage rates for American consumers. A year ago, the 30-year fixed mortgage rate was 5.13%. "The economy continues to do better than expected, and the 10-year Treasury yield has moved up, causing mortgage rates to climb," said Sam Khater, Freddie Mac’s Chief Economist. "The last time the 30-year fixed-rate mortgage exceeded seven percent was last November. Demand has been impacted by affordability headwinds, but low inventory remains the root cause of stalling home sales." Source: Freddie Mac
TVC:DXYLong
by TayFx