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EURO-USD

EUR/USD Analysis before NFP(4/5/2024)In our last analysis, we had anticipated the EUR/USD FX:EURUSD price to have a minor correction but the correction has exceeded our expectations and the price moved to higher levels. We have some resistance in the 1.09 zone, so we are expecting the price to reach there. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by fortunamarkets
EURO - Price can bounce up from resistance area to $1.0850Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price started to trades in big flat, where it at once bounced from $1.0795 level and tried to rise. Euro failed and fell back to $1.0795 level, but soon it made upward impulse to resistance zone, breaking resistance level. Price repeated breakout of $1.0940 level two times and then fell to $1.0835 points, after which bounced up. Then price continued to decline in wedge, where EUR declined to $1.0795 level and broke it, thereby exiting from flat. But recently price bounced up from support line and rose to resistance area, exiting from wedge. Now, I think Euro can try to break resistance level, and if it does this, that EUR can rise to $1.0850 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Euro can bounce from support line and start to move upHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago broke the resistance level, which coincided with the seller zone, and some time traded below. But later, EUR rose back to the seller zone, after which it turned around and started to fall in a downward channel, where in a short time Euro declined to the 1.0780 support level, which coincided with the support area. Soon, the price broke this level and fell to the support line of the channel, and even made a fake breakout of this line, but at once turned around and rose back. Also soon, the price tried to break the 1.0780 level, but failed and declined more to support line one more time. Then Euro turned around and started to rise near the support line, thereby exiting from the downward channel. In a short time price broke the 1.0780 level and rose higher, after which there was little correction, and then the Euro continued to move up to the 1.0965 resistance level. When the price reached this level, it at once rebounded down to the support line, where at the moment EUR continues to trades near. So, I think the Euro can rebound up from the support line to the resistance level, for this case, my target is located at the 1.0965 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
HelenP. I Euro can fall to support zone and then start move upHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price some days ago reached support 1, which coincided with the support zone and then at once made impulse down to support 2. After this, the price fell to the support zone, which coincided with support 1 and tried to rise, but later EUR turned around and declined more to the trend line, breaking support 2. Then price rebounded from the trend line and in a short time reached support 1, breaking it again and then making retest. After this movement, the Euro continued to move up and some time ago almost reached support 1, but then it declined back to the trend line. Price some time traded near this line and later made impulse up to support 1. Also, the price traded in a triangle pattern, but after impulse up to support 1, it exited from this formation and soon broke support 1. Then EUR entered to support zone, but soon price made a correction, after which the EUR made impulse up again. So now, I expect that the Euro will fall to the support zone and then rebound up. That's why I set my target at the 1.0985 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
EURUSD --> bearish trendhello guys... as I published before: from my point of view, this pair is bearish! why?! you can see the ascending channel broke! the price formed a QM pattern twice! the first QML(1) was touched and if the blue trenline breaks up the QML(2) will be touched too! you can enter half of the position now and another half on the QML(2)! The first target is the bottom line of breaking the channel! ______________________ 🔴 always do your research. ✎ ✎ If you have any questions, you can write them in the comments below, and I will answer them. 🫂 ❤️And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
3
EURUSD: Consolidation & Your Trading Plan 🇪🇺🇺🇸 EURUSD is currently trading within a narrow horizontal range on a daily and stuck between 2 daily horizontal structures. If the price breaks and closes above 1.0817 resistance, we will expect a bullish continuation at least to 1.087. If the price breaks and closes below 1.0723 support, a bearish movement will be anticipated to 1.067 The US inflation data will most likely be the catalyst. Patiently wait for a breakout and the follow the market. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
Euro can make small movement up and then start to declineHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few days ago made an upward impulse from the resistance level, which coincided with the seller zone to the resistance line of the pennant. After this, the price rebounded from the resistance line and started to decline inside the pennant, where in a short time it fell to the support line, thereby breaking the 1.0925 resistance level. Then, the price tried to back up and rose to the resistance line, but the EUR didn't fixed and soon bounced down to the buyer zone, thereby breaking finally resistance level. After this movement, the price started to trades inside the range, where in a short time price rose to the resistance level, and later turned around and declined lower support level, but recently it backed up to the range, making a fake breakout. At the moment, I think that the Euro can make a small movement up and then start to decline to the support level, which coincides with the bottom part of the range. So, that's why I set my target at the 1.0810 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
Xau/Usd Hello traders! My opinion is that the price has reached a resistance level (1980.00). Think that the pair should now make a decrease to the level (1903.00) bringing a retest of the support (1903.00). Key Level (1903.00)! A break of (1903.00) will bring a possible movement to the level (1820.00), but be careful if the bulls manage to keep the bullish movement, then the price can go to the level (2050.00). Be careful with the positions! War is unpredictable! Wait to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
FX:XAUUSD
by THP-Forex-Academy
EUR/USD Weekly Outlook: Optimism vs. the Resilient US DollarEUR/USD Weekly Outlook: Optimism vs. the Resilient US Dollar Inflation in both the United States and the Euro Zone didn't ignite as expected, bringing a sigh of relief to financial markets. Yet, the US Dollar remains resilient. In the upcoming week, attention turns to key economic data, including the US ADP survey and Nonfarm Payrolls report. The EUR/USD pair experienced a significant drop to 1.0487 during the week, marking its lowest level since early March. Investors continued to flock to the US Dollar as a safe haven. This risk-averse sentiment stemmed from central banks' recent monetary policy decisions, where most policymakers, despite holding their fire, reiterated the persistently high inflation risks and the need for prolonged higher interest rates to keep inflation in check. The first half of the week saw the absence of significant news, which favored the US Dollar's strength. However, the currency faced pressure due to extreme overbought conditions and better-than-expected inflation-related data. Cooling Inflation Trends Germany released preliminary estimates of the September Harmonized Index of Consumer Prices (HICP) on Thursday, showing a 4.3% year-on-year increase. While this was slightly below the 4.5% expected by the market, it marked a significant improvement from the 6.4% recorded in August. Similarly, the Euro Zone HICP for the same period also came in lower than expected, with the European Central Bank's preferred gauge of inflation rising by 4.3% YoY in September, down from 5.2% in August. The core annual HICP rate printed at 4.5%, lower than the expected 4.8% and below the previous 5.2%. On the other side of the Atlantic, the US released the August Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred inflation measure. It showed an annual core PCE price index increase of 3.9%, a decrease from the 4.3% rate seen in July, with a modest 0.1% monthly increase. Concerns about overheating price pressures had raised speculation about more aggressive central bank actions in the near future, heightening the risk of a significant economic downturn. Softer Inflation Eases Concerns However, the softer-than-expected inflation data points in the opposite direction. Central banks may maintain their recent wait-and-see stance, keeping another rate hike in reserve but hoping not to implement it. Looking ahead to next week, the macroeconomic calendar offers several important figures. These include the September US ISM Manufacturing PMI, S&P Global's release of Manufacturing PMIs for both the EU and the US, and later in the week, Services and Composite PMIs for both economies. Additionally, the EU will publish August Retail Sales and the Producer Price Index (PPI) for the same month. In the US, the focus will shift to employment, with the release of the September ADP survey on private job creation ahead of the Nonfarm Payrolls (NFP) report for the same month. The NFP is expected to show the addition of 150,000 new positions in September, with the Unemployment rate projected to ease to 3.7% from 3.8% in August. - From a technical standpoint, the price appears to be in a retracement phase, with the 50% Fibonacci area and the 61.8% level potentially serving as a pullback range. This range may lead to a reversal of the pullback and a continuation of the downtrend. Our preference Below 1.06850 look for further downside with 1.05500 & 1.0500 as targets
Short
by FOREXN1
9
EURUSD: Bearish Bat with MACD Bearish DivergenceWe have an Intraday Bearish Bat on the Euro with Bearish PPO Confirmation and MACD Bearish Divergence. Earlier today, the Euro Doubled Bottomed at $1.05 and has since been on the rise, but so far it has only managed to come back up towards the moving averages and move up to complete a Bearish Bat. Now it is showing multiple signs of coming back down, and if it does, I don't think $1.05 will hold but that it will instead break and make its way towards $1.035. I think we will continue this trend until the Euro Is Back Below A Dollar.
Short
by RizeSenpai
EUR/USD Recovers from Six-Month Low After ECB Rate HikeEUR/USD Recovers from Six-Month Low After ECB Rate Hike As the week comes to a close, the EUR/USD pair has witnessed a modest rebound, reversing some of its previous day's losses when it hit a nearly six-month low. This decline was sparked by the dovish European Central Bank (ECB) rate decision, which, despite hiking rates for the 10th consecutive time by 25 basis points to reach a historic 4%, left the impression that the policy tightening cycle might have peaked. The ECB also downgraded its forecasts for CPI and GDP growth in 2024 and 2025, casting doubt on further rate hikes and leading to speculation about a potential rate cut in the first half of 2024. However, today's trading session saw some buying interest in the EUR/USD pair as investors took profits on the US Dollar (USD), which had recently rallied to its highest level since March. This USD pullback was partly driven by optimism in the markets following the People's Bank of China's (PBoC) decision to reduce the Reserve Ratio Requirements for local lenders by 25 basis points, marking its second such move this year. This action is expected to inject more liquidity into the world's second-largest economy and alleviate recession concerns. Additionally, China reported better-than-expected growth in Industrial Production and Retail Sales for August, further boosting market confidence. However, it's important to note that the EUR/USD pair's recovery may be limited due to the possibility of further policy tightening by the Federal Reserve (Fed). The Fed is widely expected to maintain its current policy next week, but strong US economic data keeps the door open for another 25 basis points rate hike by the end of the year. Recent data from the US, including Retail Sales and the Producer Price Index (PPI), have exceeded expectations, giving the Fed room to keep interest rates elevated. In summary, while the EUR/USD pair has seen a modest bounce, the overall sentiment suggests a bearish bias. Traders will be keeping an eye on ECB President Christine Lagarde's upcoming speech for potential market-moving cues, and US economic releases, including the Empire State Manufacturing Index and Prelim Michigan Consumer Sentiment Index, could influence USD price dynamics. Despite the recent rebound, the EUR/USD pair remains on track for its ninth consecutive week of losses, indicating the potential for further downside movement. Our preference Short positions below 1.07350 with targets at 1.0625 & 1.0600 in extension.
Short
by FOREXN1
9
EURUSD Short Up Move Before a Bigger DropECB Likely to Keep Interest Rates Steady for the First Time in Over a Year It's expected that the European Central Bank will keep key interest rates unchanged on Thursday. ECB President Christine Lagarde might hint at a potential rate hike later in the year. The Euro is gearing up for potential market turbulence based on the ECB's decision and Lagarde's press conference. The European Central Bank (ECB) is widely anticipated to maintain its current interest rates, marking the first time it has done so since early 2022. This decision will come after the conclusion of its monetary policy meeting on Thursday. Additionally, the ECB will release its updated staff projections for the quarter, and ECB President Christine Lagarde will hold a press conference at 12:45 GMT. What to Expect Regarding ECB Interest Rates and How It Could Impact EUR/USD The European Central Bank (ECB) is currently facing a challenging decision as it deals with the increased risks of stagflation. This decision is the most significant since it began raising interest rates in July 2022. In August, the Eurozone's annual inflation rate dropped to 5.3%, a significant decrease from the 10.6% recorded in October 2022. However, core inflation remains stubbornly above 5.0%, well above the ECB's 2.0% target. If the ECB maintains rates while adopting a hawkish tone, indicating the possibility of another rate hike by year-end, it is likely that EUR/USD will resume its upward trajectory towards 1.0850. Should the ECB announce a 25 bps rate hike, it would confirm a bullish reversal from multi-month lows. Nevertheless, the key drivers for additional gains in EUR/USD will depend on the policy guidance and President Christine Lagarde's statements. Conversely, if the ECB decides to pause rate hikes and lacks clarity on its future path, it will likely please doves and push EUR/USD back towards 1.0650. Other Key Market Insights for today, this week EUR/USD is holding onto its gains near 1.0750 as the US Dollar (USD) remains weak, following mixed US Consumer Price Index (CPI) data. On Tuesday, the German ZEW Economic Sentiment improved to 11.4 in September. However, the index measuring current conditions hit a three-year low at -79.4. The ZEW Institute stated that "Financial market experts are even more pessimistic about the current economic situation in Germany than they were in August 2023." In August, the annual United States inflation gauge rose to 3.7%, surpassing the expected 3.6% increase. The CPI increased by 0.6% in August, marking its largest monthly gain in 2023, in line with market estimates. The core CPI also increased by 0.3% and 4.3%, respectively, compared to estimates of 0.2% and 4.3%. US S&P 500 futures are rising due to market optimism, as the latest US data supports the idea of a Federal Reserve (Fed) pause. The yield on the benchmark 10-year US Treasury bond is declining, approaching 3.21%. The upcoming ECB event will play a pivotal role in shaping the short-term direction of the EUR/USD pair, with attention shifting to next week's Fed policy announcements.
Short
by financialflagship
EURUSD SHORT!! EYES ON DATA!What we see on the EU is quite clear, So we expect price to have bearish move in higher time-frame, in lower time frame we can collect some orders just above then we start out bearish move, I do not believe we break 1.08464, This week is challenging week for EU as we have different data coming in euro-zone, SO you have to be careful of the data and you have to study them properly then imply them on the chart, For now we are above important demand zone we expect to collect more liquidity from above to have a strong bearish move, Personally waiting for London Session to open then decide and see how it goes, Any question comment me bellow! @FxShzd team
Short
by FxShzd