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Eurodollar

EU Already up 90 Pips on week? beware of FOMO. After gapping up 40 Pips, then creating another leg up 50 pips Higher High to 1.07392 Daily Zone, I can see fomo kicking in. I think it's likely that we will see a harsh liquidity pullback to 1.06895 Daily Zone before a further bullish continuation on the week ( which just began! ) Already moved up 90 pips.. quite a move for EU during the first session of the week. Short term at least looking for fakeout during London Open (1st of the week). CPI on Tuesday, We'll see how the first few sessions of the week unfold here.
Short
by ShrewdCatfx
Key Levels to Watch for EURUSD Reversal SignalThe EURUSD has completed a double bottom pattern on the daily timeframe with a breakout above the neckline, indicating a shift towards a bullish trend. However, with every strong move and breakout, there is usually a corrective move to retest the broken level. I expect the price to retrace to either 1.06897, which is a previous support and neckline, 1.06601, which is the upper channel line that was breached, or even 1.06231, which is the confluence of the 50 and 100 moving averages on the 4-hour timeframe and the 200 moving average on the hourly timeframe, which the pair tends to return to after every extended move. From one of these three levels, we will wait for any reversal signal to enter a buying opportunity up to 1.0750 ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Long
by Candlestick_OB
💵Euro/U.S.Dollar💵Analyze (Short Term, 03/08/2023)!!!Euro/U.S.Dollar is running near the lower line of descending channel, support zone, and SMA100(Daily TF). Also, Euro/U.S.Dollar was able to make a 🌅morning star candlestick pattern🌅. I expect Euro/U.S.Dollar will go up at least until the middle line of descending channel 🔅Euro/U.S.Dollar Analyze ( EURUSD ), 2-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
16
EURUSD Struggling 1.05860. Previous Key level. We can observe that price is pulling back after fed speech caused us to fall off a cliff. This was expected. A Bullish Argument would be buy Daily Support as we reject 1.05428 and NFP data tomorrow will catapult us back up to 1.0646. My bias remains bearish because of the weekly timeframe. Price has corrected 40% of the move on Tuesday. If that is a deep enough retracement or not idk. What matters for me as a trader is good RR Ideas and operating off key levels.
Short
by ShrewdCatfx
1
EURUSD TA Time!Short update: Overall(short, mid or long term): Very bearish ever since first publish in 2019. Unfortunately, I have been right ever since. I reckon my predictions wont deviate that much, since it's a macros term analysis. You have to understand, the EU does a lot with USD in multiple different respects. Like export and import. So when Euro values goes down, inflation is the after effects. While our salaries stays the same. There will be less spending, which means less transactions. If this keeps economic collapse might be inevitible. I reckon the verge of collapsing will be somewhere before 2030... Hmmm... where did we hear this before? "The Great Reset, 2030. Where you will own nothing and be happy."
Short
by bonic
EUR/USD:Has EUR/USD started to stop the decline and rebound?Fundamentally, the market believes that the probability of the ECB's terminal interest rate of 4.25% this year is 65%, while last week's terminal interest rate was only 4.00%.The European Central Bank's hawkish bets may help the euro limit its losses in the short term. On the technical side, EUR/USD has rebounded since hitting a low near 1.0530 last week. It has now crossed above the short-term moving average, and technical indicators have also shown signs of a low turning point, indicating that there are some buying orders in this position.However, at present, EUR/USD is still subject to the resistance of the previous support level of 1.058. If this position can be broken through, buyers may show interest, so that the rebound and upward trend can continue, and EUR/USD may expand the rebound to the 1.063 position; according to the current market, the 1.053 position seems to have formed support, and the market will definitely be tested repeatedly in the future. If repeated tests determine that the support is effective, EUR/USD is expected to form a structural arc bottom, which is conducive to the rebound of EUR/USD and constitutes a new round of upward channels. If you encounter resistance in the 1.058-1.063 area during the rebound process, you may continue to test the effectiveness of the support at the 1.053 position. Once the support is shown to be invalid, beware of the risk of a downward trend in the EUR/USD market. Overall, EUR/USD is safe, try to short as high as possible, and it can be shorted at the position of 1.063. In order to facilitate you to continue to follow up on my analysis and sharing, you can like and follow me. In addition, you can enter my channel for free in the following ways to follow real-time views and operational strategies. FX:EURUSD OANDA:EURUSD PEPPERSTONE:US500
Long
by Blessed_V
EURUSD, Another setup for the bears.EURUSD / 4H Hello traders, welcome back to another market breakdown. Technical analysis: The EURUSD currency pair has been experiencing a downward trend, with the price consistently breaking lower. Furthermore, on the monthly time frame, the price has rejected a major key level. In addition, the Dollar index DXY has also rejected a macro level, indicating further strength in the dollar. This, coupled with the US10Y bond market breaking its structure higher, makes it seem like a wise decision to invest in the dollar during its pullback phase. The scenario I'm looking at: test back to the broken trend line. Trade safely, Trader Leo. If you like the indeas shared don't forget to like and subscribe, it helps spreading the good setups. You can also check my last update on SIlver
Short
by UnknownUnicorn27919176
22
EURUSD - It's at a very important area!EURUSD - It's at a very important area! EUR - We are currently at a very important support area of the range. What's happening to the market fundamentally? Yesterday we had a very Hawkish Powell, as I mentioned in my previous post we had the indication of 25 basis point but I did mention we could perhaps change to 50 well.. embedded that in and we had a hawkish upward revision upward revision to the 2024 Dot Plots and Fed Swaps Now Favours 50bp Hike In March Repricing Higher From 25bp as mentioned by Powell is not out of picture and being priced in. Now that's a very important information... We had 2 yrs escalate to 5%. The 2% target of inflation will be achievable and it is a global target. Even though we have a hawkish ECB, pricing in further hike. The dollar is having much more of a major movement overall. We had Gold hit 1800 areas again re-test of the lows, yields head higher, Yen 137 area and euro at the most important EUR 1.05 areas a break of this level, 1.04 can easily be achieved. However, if we break above the highs, I expect us to go towards 1.09 areas... Currently, we are within the ranges of highs: 1.07480 & lows: 1.04900. Don't forget we have a busy docket today: ADP, Fed Chair Powell Testifies, JOLTs...and end of this week NFP! Have a great day ahead, Trade Journal Key tip: Don't forget Risk Management!
by Trade_Journal
EURUSD: The long power of the exchange rate is gatheringAs mentioned in our article yesterday, as long as EUR/USD remains above 1.056, the bearish momentum is still limited, and once EUR/USD stabilizes above this position, the euro may point to 1.0650/60.The current exchange rate is 1.06482, which is fully in line with my expectations yesterday. On the fundamental side, more hawkish remarks made by several members of the European Central Bank (ECB) support the euro and support the reasons for increasing huge interest rate increases in the coming months; in addition, the generally positive tone around the stock market is considered to put pressure on the safe-haven dollar and provide additional support for EUR/USD. On the technical side, the continued strength of the pair and its foothold above the convergence resistance level of 1.0645-1.0650 are conducive to the rise of the market.In addition, the oscillators of the daily chart have just begun to move in the positive area and support the prospect of additional gains.However, any further increase may face some resistance in the 38.2% Fibonacci retracement area of about 1.0725, followed by the 50% Fibonacci retracement area of about 1.0785 and the 1.0800 integer mark.Some follow-up buying will negate any recent negative tendencies and will continue to push up EUR/USD. On the 4-hour chart, the exchange rate is currently falling under the suppression of the short-term moving average, and the short-term technical indicators are biased towards the air. However, in the short-term, I think this is a technical correction to the previous increase. It is conducive to the market to consolidate the bottom while accumulating kinetic energy, which is more conducive to the small-level market to rise, and below at the position of 1.0635 is the intersection of the middle Bollinger band and the 30-day moving average support, which has relatively strong support for the short-term market. Taken together, today's EUR/USD short-term operation thinking can go long at 1.0635. FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD PEPPERSTONE:EURUSD CAPITALCOM:EURUSD
Long
by Blessed_V
1.0633 and 1.0645 Eurusd. Clear Market StructureWe had Buyers use data to grab lower prices at 1.06. Time will tell if this is accurate. If we maintain market structure, In the short term, I see no reason why we could not touch 1.0645. I concluded this from previous daily close. 1Hr and 4hr candle closures must respect 1.06230 1Hr Zone. Price Currently is at 1.06237. Though considering price gapped down over the weekend by -.1% ,, it does not erase last daily candle closure. Bullish 36 Pip Body Candle. Idk seems sus considering previous bearish engulfing. We'll see. Riding Intraday Moves on EU requires flexibility.
Long
by ShrewdCatfx
1
EUR/USD -5/3/2023-• EUR/USD short term trend is neutral to bearish • Long term trend bullish and intact as long as we are still above 200 MA • Following strong rally, sellers broke the ascending trend line and are now trading inside a descending parallel channel • Descending channel looks like a flag, a continuation pattern • Meaning, most probably buyers will break above it and resume the up trend • The pair is in correction mode, the drop stalled at the 38.2% • Next resistance: R1: 1.0730 R2: 1.1030
Long
by RamziAbouAbdallah-CMT
2
EURUSD: Why I Expect 10% INCREASEHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. If you're interested in the EURUSD Forex market, this update is for you. There's an interesting pattern playing out for possibly the third time on the 3D chart. When using the Moving Averages together with trend line analysis and support zone / resistance zone analysis, it seems most reasonable to expect and increase from this point above the 200 day Moving Average, which is the purple line. HOWEVER- if the price fails to capture the 200d MA again and falls under the orange (100d MA), this pattern would not hold true. Interested in Ethereum ? Check out this idea: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
16
Euro can break support level and continue to declineHello traders, I want share with you my opinion about Euro. By observed on the graph, we can see how the Euro moves in a downward trend. Moving down, the price broke through the support area, which became the resistance area. You can also see how the price retested the resistance area and bounced back. Currently, the price is close to the support level and may continue to decline and break through it. I think the price may continue to fall and reach the buyer zone. So I decided to set two targets for Gold at level 1.0565 and in the buyer zone 1.0485-1.0515. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
4
Eurusd could push further into Daily Zone at 1.07 Before SellersManufacturing data as anticpated, or missed slightly. Causing an initial decline in the EU Price. We are looking to close above 1.0657 on the 4hr for Buyers. Then I can observe it being possible for us to touch 1.07 and push deeper into the daily zone before we see sellers take over or range. If the Daily Candle closes like this, we will see a solid body candle.. and at the leasst expect a top wick on the next daily candle. Which, would be a nice intraday-move up.
Long
by ShrewdCatfx