Eurodollar
EUR/USD -19/9/2022-• Descending bearish channel on daily chart
• As you can see, Euro Dollar has been trading in waves within a descending channel with each wave breaking and making a new bottom at least by 200 pips lower than the previous one
• However, during the last wave we are in now, sellers seem exhausted and unconvinced
• The new low is barely within 100 pips than the previous low, which puts us in a consolidation phase
• Consolidation phase so breakout soon, either ways
• Consolidation meaning neither buyers or sellers dominate; and that is because markets are waiting the FED decision to engage again
• I don't expect a breakout before Wednesday or even Thursday out of the 0.99-1.01 range
• Updates to be posted later this week, probably after FED's decision
Trading recommendations:
• Buy on a solid and successful breakout above the channel, stop loss below the upper trend line
• Sell on a confirmed break below recent range, or on a failed breakout above the upper trend line with stop loss above it
Pip Goal: 62.5 Pips (EURUSD) Candlestick closed above Pivot Point Price Level 1.00071. Enter a long position at the 1.00071 price area.
SHORT EURUSDEURUSD is still in the downtrend channel on the daily timeframe.
Currently possibly forming a bearish flag with retest of the upper downtrend channel and the previous demand zone (Currently the resistance area) at 1.0150.
Rejection of such area and break of the bearish flag lower channel will lead to next fall to new lows and the lower downtrend channel around 0.95.
EUR/USD Daily Chart Analysis For September 16, 2022Technical Analysis and Outlook:
Eurodollar has completed Interim Rebound to our Mean Res 1.0180 and retreated viciously downward by forming a new Mean Res 1.0117 - with the possibility to be re-tested. The currency continues to move about the 1.000 threshold by closing slightly above the newly created Mean Sup 0.9970. The Key Sup 0.9880 and our open Inner Currency Dip 0.9852 continue to be the main target, with further expansion to the Next Inner Currency Dip 0.9570 and the lower mark is in the making.
EURUSD short-term reversal (NEW)EURO vs USD lost a lot of value , however there´s a potential for a short-term reversal soon.
We can observe beautiful regular bullish divergences developing.
If the support holds, the pump is expected
Good luck
EURUSD - Exhausted yet?EURUSD.
A sharp drop followed the corrective move upside. The price is likely to resume bearish trend as we can also see five waves to the downside.
This analysis is based on the Elliott Wave Theory. Manage risk while trading.
This Chart is ScaryTraders,
As you know, EuroDollar Futures has been one of the lead indicators regarding Fed rate hike action. As the futures drop, the inverse occurs with the U.S. dollar (DXY). It goes up. Likewise, the Fed tends to respond with a rate hike in accordance with the gravity of the EuroDollar's move down. Yesterday, the drop was huge after the CPI report was released! Is this chart possibly projecting a 100 bps rate hike? I, myself, am skeptical but this is what the data may be telling us. Thoughts?
Stew
EURUSDHELLO GUYS THIS MY IDEA 💡ABOUT EURUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
EURUSD Seven Swing Set UpIn this update we review the recent price action in the EURUSD and identify the next high probability trading opportunity and price objectives to target
EUR/USD Macron style gap up? -13/9/2022-• EUR/USD chart had a gap up during the weekend following some positive news about the Ukraine-Russia war. Reports mentioned that Ukrainian forces were able to re conquer major parts of southern Ukraine
• Markets were relieved following this news, which prompted some fresh selling for the US dollar
• Investors are keeping an eye on the headlines in eastern Europe. Some believe if Ukraine keeps on advancing, war could be approaching to an end, which would reflect positively on the pair
• Technically, short term trend is bullish, supported by a 20MA pointing upward
• Price is just at the 50MA were bulls and bears are fighting for dominance
• Bears eye a move to 1.0050 level while bulls are targeting 1.02 and beyond
• First resistance: 1.02 followed by 1.0350
• R1: 1.020; R2: 1.0350
• S1: 1.0050; S2: 1.00
Sell EurUsdEurUsd still in its downtrend channel at the daily timeframe,
Currently retesting the upper channel with a rejection at current level and retest of the previous support (demand zone) which currently is the resistance area (supply zone) at 1.0130-1.0150.
Next fall target to new low and to the downtrend channel at 0.95-0.96.
EUR/USD analysis: US-EU natural gas gap narrowsRecent moves in the EUR/USD exchange rate have been driven primarily by the price differential between natural gas in the United States and Europe, rather than by the ECB's historic rate hike last week.
Over the last 90 days, the correlation coefficient between EUR/USD and US-EU gas price differentials is 0.88, indicating a very strong relationship between the two variables.
The price of gas in Europe has decreased drastically over the course of the past week, with the Dutch TTF benchmark falling by nearly 40% from its highs of €330/Mwh to its current level of €190/Mwh. This was aided by higher-than-expected EU gas storage levels at this time of year, as well as speculation in Europe about a natural gas price cap.
When measured in dollars per million British thermal units ($/MMbtu), the European Dutch TTF is around $61/MMbtu right now, or about $53 more expensive than the US Henry Hub gas price, but significantly lower than the previous price-gap peak of $92/MMbtu.
The narrowing Henry Hub-TTF price spread from $92/MMbtu to $53/MMbtu has helped the EUR/USD rally from 0.987 to 1.011.
What next can we expect?
This week, European nations are expected to announce long-awaited energy emergency measures aimed at lowering skyrocketing gas prices and alleviating the pressures associated with a complete Russian gas shutdown.
If the market sees the announcements about energy policy as bad news for European gas prices (Dutch TTF), the spread between European and US gas prices may continue to narrow, which would sustain the euro in the short term.
However, despite the fact that the price difference between European Dutch TTF and US Henry Hub gas has narrowed, European gas is still nearly eight times more expensive than US gas. This continues to be a significant drag on the European growth outlook, thus capping the euro's upside potential in the medium term.
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
Breaking UP! Eurodollar Futures.Is the Eurodollar giving us some hints into the mind of JPOW and the fed?
Going Long on M6E Little scalpHello
Her it is a little scalp on M6E
I expect the Market will try to fill The FVG0 The we will see a run going long to fill The FVG1 and maybe the FVG2 too, im going long and my target its FVG1 the easiest one
EURUSD | ECB - Interest Rate! How can it affect the EURUSD?EURUSD | ECB - Interest Rate! How can it affect the EURUSD?
As we have seen during this period of time EUR is suffering a lot of
losses.
And to be honest Europe it is not the only economy that is suffering the
economic problems.
However as all the countries EUROPE will take the second step to help on
this economic recovery.
Considering the Monetary policy statement it will be crucial for this even.
The first move should or expectations should help the price to reach the first target.
For the other targets we should see how aggressive ECB should be today.
Thank you and Good Luck!
EUR/USD Daily Chart Analysis For September 9, 2022Eurodollar has completed Interim Rebound and continues to hove near the 1.000 threshold by closing slightly below critical Mean Res 1.005. The Key Sup 0.9880 and our open Inner Currency Dip 0.9852 continue to be the main target, with further expansion to the Next Inner Currency Dip 0.9570 and the lower mark is in the making.
The primary trend remains bearish on EURUSDEURUSD - Intraday - We look to Sell at 1.0131 (stop at 1.0207)
The primary trend remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 1.0150. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.9952 and 0.9900
Resistance: 1.0150 / 1.0370 / 1.0800
Support: 0.9950 / 0.9800 / 0.9700
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US Dollar Probable TopUS Dollar has broken out of a bearish rising wedge after a long negative divergence. Competition against the dollar is also finally ramping up and it doesn't seem like the dixie has priced that in yet. It then makes sense that the target for the wedge goes below a 7 month trend line.
eurusd long setup I think we are going to see a pullback on the weekly time frame and we bounce back from the previous order block and daily and 4h structure shift bullish also. so we can assume that we can see the some higher prices
