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EURO-USD

EURUSDEURUSD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
2
EURUSD weekly chart: Trendline retestIf we look at weekly chart of EURUSD , we see a classical trendline retest (price nicely broke down the trendline in April 2022, with a valid breakdown after Tom Demark criteria). Price is likely to continue bearish next months. Tom Demark breakdown projection sends us below 1.00. Price also failed to establish itself in the yearly bull zone - above yearly Camarilla R1, rejecting from there. Typically, from the yearly close, price travels either to above yearly Camarilla R3 or below yearly Camarilla S3 Hence a downtrend to yearly S3 (1.0) is quite likely. For educational purposes only.
Short
by ICFX
1
EUR/USD meets resistance around 1.0900 ahead of US docketAfter a brief test of the 1.0900 regions earlier in the session, EUR/USD now comes under some mild downside pressure and revisits the 1.0880 zone at the end of the week. EUR/USD seems to have met some resistance zone in the area of multi-month peaks near 1.0930 (January 26) amidst the broad-based consolidative mood in the global markets and some lackluster recovery in the greenback. On the latter, better-than-expected results from key US fundamentals on Thursday lent support to the buck and prevented the USD Index (DXY) from shedding further ground, which eventually morphed into the ongoing corrective decline in the spot.
by FOREXN1
7
EUR/USD:Stays below 1.0900 after German IFO dataEUR/USD trades marginally lower on the day below 1.0900 as the cautious market mood helps the US Dollar holds its ground against its rivals. The IFO data from Germany showed that business sentiment improved modestly in January but failed to help the Euro. German Economy Minister: No signs of marked recession In the annual government economic report published on Wednesday, the German economy minister said that they do not see signs of a market recession as feared by many observers, as reported by Reuters. The publication revealed that the Gross Domestic Product is forecast to expand by 0.2% in 2023 and inflation is expected to be 6% in 2023, compared to 7% in the autumn forecast
by FOREXN1
12
EUR/USD marches towards 1.0900 as Fed/ECB policy stance divergesThe Euro remains supported by ECB officials fighting speculation of a 25 bps hike. S&P Global Manufacturing and Services PMI surveys will likely be a reality check for the strength of the shared currency. Bulls remain in control of the sentiment around the European currency and motivate EUR/USD to flirt once again with the 1.0900 neighborhood on Tuesday. Following Monday’s marginal gains, EUR/USD picks up the extra pace and extends further the march north to the proximity of the 1.0900 mark on turnaround Tuesday. So far, the pair navigates the third consecutive week with gains after shedding ground at the very beginning of the new year. In the meantime, hawkish ECB-speak as of late helped maintain the bullish price action in the pair, which gained more than 4 cents since monthly lows near 1.0480 recorded on January 6.
by FOREXN1
16