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Euro-dollar

EUR/USD to start this week off!...EUR/USD upside remains active. The pair looks to the end day around its 21 DMA (1.2180) but nonetheless nearer to the top its tighter 1.2146-90 range. Looking ahead, tomorrow’s German ZEW survey will likely gain focus in early hours whilst BoE’s Chief Economist Haldane is ready to make an appearance close to the US cash open. Relatively flat intraday around the 90.00 mark after waning from its 90.30 best towards its 90.03 low on the Dollar Index. Further upside expected on EUR/USD. Use your own trading initiative. Trade safe and have a great week ahead!
Long
by FTUKcom
3
🏛EUR_USD SHORT TRADE UPDATE🔥 🏛In my previous EUR_USD analysis, we saw a conclusive breakout From the rising wedge and a breakout of the horizontal support as well Now, we are seeing a pullback and a retest of the broken level The pair is now trading below a supply area So even if the pair goes higher on the opening I am still bearish and I think that eventually We will see a strong move down With the targets that you can see on the chart! SHORT CONFIRMED🔥 ✅Like and subscribe to never miss a new idea!✅
Short
by ProSignalsFx
12
Will EUR need a data pulse surge to support a break higher? - WPEvent risk: -Final service PMI (3rd), EZ Ret. Sales (4th), Ge Fact. Orders (7th), Ge Ind. Prod., EZ Final 1Q & ZEW Surveys (8th), Ge Trade, Ge 1Q Lab. Costs (9th) -ECB meeting and forecast updates (10th) Eurogroup Meeting (17th), EC Summit (24th-25th) Bias: -EC announces this week that it would suspend the debt restrictions within the Maastricht Treaty Growth and Stability Pact until 2023 and so allow member states to push aside deficit and debt to GDP restrictions during the post pandemic recovery. This will allow for further national level fiscal support to continue in addition to the soon to be ratified and then disbursed Recovery Fund. As outlined last week the Recovery Fund should gain a boost in ratification at the June 24-25 EC Summit so that the major Eurozone states will be able to further boost their economic support. -The EU vaccination program continues to progress well after its stuttering start and so the surges in survey optimism should begin to feed into hard data as the regional recovery gains more traction into mid-2021. That should allow for a period of momentum outperformance, if not nominal activity, that should lift both the Westpac Data Pulse for the region and EUR. -Next week’s ECB meeting should provide important projection updates and likely affirm a slowing of the recently increased PEPP pace, but not its limit. Dips in EUR/USD should be well supported as it defines a higher 1.20-1.25 range.
by thunderpips
3
EUR-USD Massive Breakout! Sell! Hello,Traders! EUR-USD finally made a decisive move And broke out of the wedge and also broke the support below This time -conclusively, which makes me bearish on the pair mid-term And after a pullback to retest the broken level I am expecting a bearish move down With the first target being the support below While the pair might potentially fall even further! Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Short
by TopTradingSignals
8
Reverse H&S in EURUSDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is close to its neckline in Reverse HEAD&SHOULDER. Wait for the upside breakout. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Long
by Ryan_lopes
USDOLLAR: NON-FARM PAYROLLS - DATA EXPECTED TO BE STUNNING ! 🔔The April U.S. jobs report partially justified the Fed's reluctance to adjust the parameters of the QE, as the economy created only 266,000 jobs and the unemployment rate rose to 6.1%. However, commodity markets continue to call out that price pressures have reached levels that pose a real danger to the economy. Frenzied inflation is hard to get under control. Last week's released CPI figure reflected a 0.8% jump in prices, while experts had predicted a 0.2% increase. And while Fed officials are confident that they can handle the pressure with monetary policy tools, there is no guarantee of that. Moreover, it is monetary and fiscal policy that fuels inflationary pressures. Twenty-two U.S. states are eliminating federal unemployment benefits. Today, U.S. citizens are paid $300 a week in additional unemployment benefits as part of the Biden bailout package. But these payments have resulted in many Americans receiving more in benefits than they would have earned at work. Quite naturally, the desire to look for work disappears. Such negative effects go a long way toward explaining the very contradictory statistics in the United States: On the one hand, business activity indices are off the charts, companies are willing to hire workers and produce more. On the other hand, unemployment rose in April compared to the previous month. Since the beginning of March, the number of people claiming unemployment benefits for the first time has fallen by more than a third. Over the same period, the total number of people receiving benefits has fallen only 12.7%. Non-Farm Payrolls Employment Last data: 266K Consensus Forecast: 650K The Non-Farm employment change measures the change in the number of people employed during the last month in the non-farm sector. Total Non-Farm Payrolls represent about 80% of the workers who produce all of the Gross Domestic Product of the United States. It is the most important piece of data contained in the employment report that offers the best overview of the economy. Monthly changes and adjustments in the data can be very volatile. Unemployment Rate Past data: 6.1% Consensus forecast: 5.9% The unemployment rate measures the percentage of the total labor force that is unemployed but actively looking for a job and willing to work in the United States. A high percentage indicates weakness in the labor market. A low percentage is positive for the U.S. labor market and should be taken as a positive factor for the USD.
DJ:USDOLLARLong
by FOREXN1
11
EURUSD 05/31 - 06/04Hey guys, So last week it went almost exactly as planned. I was anticipating price could move up even more while DXY tagged the big 500 levels, but there was a beautiful sell setup on Tuesday & continuation, which confirmed downside for the rest of the week. I'm confident EURUSD will tag the 1.20550 levels in the coming weeks; however, for this week I think we'll be seeing the 1.21100 levels touched if price develops as anticipated (will be much cleared by Tues). Keep an eye on short setups this week
Short
by liquiditytrading
🏛EUR_USD RISKY LONG🚀 🚀EUR_USD is trading in a rising wedge And has hit a strong horizontal resistance After that, the growth has stalled And now the pair is retesting the support confluence Of the rising wedge support and the horizontal support levels Thus, there is a chance that we will see a rebound And a retest of the resistance above And while this trade seems risky, as it looks like the pair Is preparing to break the level, and go down The risk reward here is very good So why not take this long with 0.5% risk. LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Long
by ProSignalsFx
3
Euro/ USD Bearish ABCD Here on the Euro/ USD we have a Bearish ABCD Pattern. Now this is as contrarian as it gets. The stock market is super inflated, Bitcoin (BTC/USD) is figuring out if its going to bounce or dive... overall this is an interesting picture. from the technical stand point we are waiting for the AMP-RSI to return back to the extreme area and on the candle that drives the RSI out of the extreme area we enter. it is also very nice that the completion of the pattern is at an 88 swing point. so ideally we will want to see price come back into the box, the AMP-RSi to be thrown into the overbought zone, then a strong candle out of the box in our direction. i will say the ideal candle out of the zone will be roughly 20-ish pips and anything 40+ is chasing the trade! The first gold line is our TP1 and BE spot. cant go broke taking profit if using proper RM. Lately my entries have been sub-par at best and putting it lightly, so this has forced me to go back to Carney's books. I wish everyone a happy trading Wednesday!
Short
by ARegularGuy
EUR-USD Local Long From Support! Buy! Hello,Traders! EUR-USD is trading in a local uptrend along the rising support line But has hit the horizontal resistance twice establishing a double top Indicating a certain degree weakness, and is now retest the support again I think that,though risky, a long trade is appropriate After all the trend line is not broken Therefore, I am expecting one more retest of the resistance Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Long
by TopTradingSignals
12
EURUSD 05/24 - 05/28Hey Guys! Last week, we got what we expected with excellent price delivery; however, the way the week ended tells me that it's more likely that we're going to get a deep sweep of those monthly highs; likely up into the 1.23000 before the larger correction. Note that this doeesn't have to happen - if price drops down to 1.20300, I would be surprised as OUR MAIN BIAS IS DOWNISDE. That means regardless of if this goes up one more time, structure is still pointing down. If we're going to see upside, Mon or Tues will create the low of the week and we can look for longs. If it just starts moving up beginning week, it'll like reverse on Wed/Thurs to the downside. Stick to your plan, wait for lower timeframe confirmations and ride it. Just remember, the bigger wave is to the downside according to structure
by liquiditytrading
2