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Euro-dollar

EURUSD Waiting for NFP In the EUR/USD exchange rate, we are seeing a very weak euro following the ECB's interest rate hike. My scenario is to wait for the dollar to push the exchange rate up to the 1.0950 zone, which could happen tomorrow when the NFP data is released. In that area, I have identified a really interesting entry point to restart the long euro position. Let's not forget that the American system could default between June and July due to the debt ceiling if it is not increased. Let me know your thoughts. Good trading to everyone. Forex48 Trading Academy
Long
by Forex48_TradingAcademy
USDCHF Is there a Long?On this pair, we have an excellent Demand zone in which the price could create a bullish setup, and then we could position ourselves for a long trade. Perhaps in anticipation of tomorrow's data, which predicts a rate hike that will occur 99%, it could push the dollar higher and bring some strength back to the currency that has lost a lot of ground in the last three months. Let me know what you think. Have a nice trading. Forex48 Trading Academy
Long
by Forex48_TradingAcademy
EUR/USD -3/5/2023-• Euro Dollar is trading in a tight range between 1.09 and 1.11 • Bulls and bears are in balance, awaiting this week's key rate decisions for fresh impetus • Technical setup is pointing towards a breakout soon and odds are 50 50 • We can see an ascending triangle and the price action is shrinking as we move through the cradle of the triangle • This pattern is questionable since we usually see an upward preceding move before the triangle formation which is not the case here • Whether the triangle formation is valid or no, we got an ascending trend line which has been tested in March and a resistance area between mid 1.10s and 1.11 • Bulls are trying to break above 1.11 from current levels, and might see a better opportunity if the price re-tests the trend line support. • Bears need a clear break below the 20 MA and the trend line in question to flip the odds in their favor • Two factors can negate the long term bullish trend: 1- Breaking below the ascending trend line with a clear confirmation ( several daily closes below with an increased volume ) 2- Trading below mid 1.05s which breaks the higher lows series that's been forming since last November. • This week is full of key events and economic data: FED and ECB are gonna release their rate decisions along with their forward guidance on the path of tightening policy • NFP report on Friday • Markets are expecting 25 bps from both central banks but keep in mind that surprises can always occur, just like the surprise rate hike from RBA last night Traders, if you like this idea please comment and like ✅ Here to answer all your questions, Good luck
by RamziAbouAbdallah-CMT
✨ UPDATE 5: EURUSD ✨ TP1 TRIGERRED ✨🔥 TP1 TRIGERRED / +SL MODIFIED 🔥 SLO2 @ 1.1040 📉 +70 pips or $520.00 USD*️⃣ SLO1 @ 1.1015 📉 +45 pips or $270.00 USD *️⃣ +SL @ 1.0993 🚫 👈🏾 +47 pips or $470.00 USD *️⃣ TP1 @ 1.0975 (shaving 25%) 🤑 🤑 PA is moving in our favor with a combined Net Equity of +115 pips or HKEX:1 ,150.00 USD*️⃣ 🚫 MODIFIED +SL (see above) to lock in +47 pips or $470.00 USD *️⃣ *️⃣(based on a Standard Lot size of 100,000 Units or 1.00 (MT4/MT5
Short
by ProfessorCEWard
EUR USD - FUNDAMENTAL DRIVERSAn extended period of U.S. dollar depreciation is approaching. The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in Q4-2023. We forecast the trade-weighted dollar to soften 3% over the balance of 2023, and by a further 5% in 2024.
Long
by thunderpips
✨ UPDATE 4: EURUSD ✨ COUNTER-TREND TRADE ✨SLO2 @ 1.1040 📉 +52 pips or $520.00 USD*️⃣ SLO1 @ 1.1015 📉 +27 pips or $270.00 USD *️⃣ +SL @ 1.1014 🚫 👈🏾 +27 pips or $270.00 USD *️⃣ TP1 @ 1.0975 (shaving 25%) TP2 @ 1.0933 (shaving 25%) TP3 @ 1.0885 (closing ALL Sell Positions) 👈🏾 🤑 PA is moving in our favor with a combined Net Equity of +79 pips or $790.00 USD*️⃣ 🚫 MODIFIED +SL (see above) to lock in +27 pips or $270.00 USD *️⃣ ✍️ MODIFIED TP3 (see above) *️⃣(based on a Standard Lot size of 100,000 Units or 1.00 (MT4/MT5
Short
by ProfessorCEWard
EUR USD - FUNDAMENTAL DRIVERSAn extended period of U.S. dollar depreciation is approaching. The greenback could be relatively stable in the near term, as some additional Fed tightening combined with the potential for mildly unsettled markets could provide temporary support for the greenback. However, we expect the U.S. currency to come under pressure as aggressive Fed easing starts in Q4-2023. We forecast the trade-weighted dollar to soften 3% over the balance of 2023, and by a further 5% in 2024.
Long
by thunderpips
EURUSD: 2 Scenarios Explained 🇪🇺🇺🇸 Important fundamentals are coming. Watching the current state of affairs on EURUSD, I see 2 potential scenarios. Bullish The price keeps setting equal highs, perfectly respecting 1.1045 - 1.1095 resistance. If the price breaks and closes above that, I will expect a bullish continuation to 1.116 level. Bearish The price keeps setting higher lows, respecting a rising trend line. If the price breaks and closes below that, a bearish continuation will be expected to 1.1093 level. Wait for a breakout, traders. What do you expect? ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
EUR/USD -28/4/2023-• Up trend intact as long as we are above the line • 20 Moving average supporting the price • Buying pressure/momentum is still bullish • Potentially, the Euro is ready to print new highs in the coming sessions • First upside target is 1.11360 followed by 1.1190 and 1.123 (61.8% of the entire 2021-2022 decline) • We might see a re-test of the ascending trend line soon before the bulls resume the rally, keep in mind markets never keep moving in one direction, expect some profit taking and correction soon
Long
by RamziAbouAbdallah-CMT
DXY -28/4/2023- Where is the Dollar heading ? • The US Dollar erased all of the gains it made from May 22 till Oct 22 • 20 Moving Average acting as a resistance, the index is unable to break it • Possible descending triangle, a bearish continuation pattern • 100.80 support has been tested multiple times, increasing the odds of the bears breaking it and selling pressure dominating • Were the bears able to break the above level, next support is the 100 psychological level followed by 99.34 and 97.70 • A break of the triangle exposes the index for a 2% move lower, taking the EUR/USD pair to 1.12-1.13 level
TVC:DXYShort
by RamziAbouAbdallah-CMT
🤑 WE TOOK PROFIT 🤑 ✨ NEW EURUSD ✨ COUNTER-TREND TRADEOLD: SLO @ 1.1065 ⏳ SSO @ 1.1040 📉 +69 pips or +690.00 USD *️⃣ +SL @ 1.0990 🚫 +50 pips or +500.00 USD *️⃣ TP1 @ 1.0975 (shaved 50%) 🤑 +65 pips or +650.00 USD*️⃣ TP2 @ 1.0933 TP3 @ 1.0900 NEW: -SL @ 1.1076 SLO2 @ 1.1040 ⏳ SLO1 @ 1.1015 📉 SSO @ 1.0963 ⏳ TP1 @ 1.0975 (shaving 50%) TP2 @ 1.0933 (shaving 50%) TP3 @ 1.0900 (closing ALL Sell Positions) ADDITIONAL INFO: 00:00 Reviewing Our Analysis 00:18 We Took Profit @ +SL @ 1.0990 (80m) 02:19 Add-On SLO1 📉 03:23 Add-On SLO2 ⏳ 04:07 Anticipatory Trend is a DT 04:51 Shaving 50% per TP 06:22 The Preferred Buy Limit Order 06:48 Close ALL Sell Positions @ TP3 07:54 DCA: Aggressive, Preferred, Conservative 08:39 Boost, Follow, Comment, Join 🤑 Gross Equity is @ +135 pips or +1,350.00 USD *️⃣ *️⃣(based on a Standard Lot size of 100,000 Units or 1.00 (MT4/MT5)
Short
by ProfessorCEWard
2
EUR/USD's hidden clues & key levels? Here’s an interesting chart: the inflation differential of the US and the EU plotted against the EUR/USD pair. If we approximate the range of the inflation differential with an upper bound of 1.5 and a lower bound of -0.5, we get a compelling signal for trading the EUR/USD pair. Buying EUR/USD when the inflation differential bottoms has resulted in success 4 out of the 5 times this signal was triggered. Repeating the analysis using the preferred inflation measures for both central banks – PCE for the Federal Reserve (Fed) and EU HICP for the European Central Bank (ECB) – yields similar results. Is this spurious correlation or is there more to this? Our guess is that the inflation differential drives expectations of one central bank’s move versus the other which affects the currency pair. The upcoming US PCE release on 28th April will provide insight into whether the inflation differential between the US and EU will continue to narrow. The validity of this data remains to be seen, but it's certainly an intriguing observation to consider! The rather eventful economic calendar over the next two weeks offers opportunities for this pair. Starting with the PCE Price Index released on April 28th, it is followed by the Fed meeting on Wednesday, May 3rd and the ECB meeting on Thursday, May 4th. With these events in mind, we want to position ourselves for the flurry of announcements coming out, which could play into EUR/USD strength. The long-term price action still seems to point towards an uptrend, with the 100-day Simple Moving Average (SMA) crossing the 200-day SMA and clearly marking previous swings. The current price is also consolidating at the 1.1000 psychological level, with parity and 1.2000 levels roughly marking the EUR/USD range for the decade. Zooming in, the EURUSD has been trading in an uptrend. An attempt to break above the 1.11 level was quickly rejected, with prices trading back to the trend support shortly after. We are currently witnessing another attempt to break this same level once again. Hence, a risk-managed trade could yield opportunities here with the upcoming onslaught of announcements. Setting up a long position at the current level of 1.1074 with a tight stop just below the trend support at 1.0945 and take profit level of 1.1400 would give us a risk-reward ratio of roughly 2.5. Each 0.00005 increment per EUR in the EURUSD futures contract equal to 6.25$. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com 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. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com
CME:6E1!Long
by inspirante