EUR to USDAre we possibly going to these old support lines, keeping this as simple as possible without too many indicators on.
Eurodollar
EURUSDEURUSD POSSIBLE BUY SETUP! I'm waiting for the price to break above and retest low before buyers kick in!
Europe is arming. Will the printed money go to the gun? &USAWhen we look at the past history, Germany,
whose army was liquidated by nato and russia,
decided to form an army again.
Europe will invest its savings in arms.
Since the world arms market giant is America, the biggest demand for dollars will come from Europe, what triggered this,
Russia's attack on Ukraine? of course no.
The second largest army of the allies is the rapprochement of Turkey with Russia and China.
Read. | BRICS | SCO |
Source :
www.theguardian.com
www.economist.com
www.ft.com
www.bloomberg.com
www.reuters.com
This is a game. Players, please take your seats.
It is not investment advice.
Looking at a few months of parabolic collapseThe US has a plan to beat inflation: by creating more inflation. Official announcement, no joke.
The "Inflation Reduction Act" is a brilliant plan to burn hundreds of billions of US Dollars in order to reduce inflation.
And... it's working...
Wave 1 and 3 are both around the same size at about -25%/-30%, and I believe wave 5 is going to either be of a similar length or be the extended one at -35% or more.
My intuition tells me investors are going to keep being silly (exhibiting or indicative of a lack of common sense) a few months and then things will reverse.
If I am correct according to the IMF and big banks the euro was already undervalued by a double digit percentage at 1.20 and now it's just getting embarassing.
Reasons to believe the euro is worth less:
- Germany (unlike France) hates nuclear, so energy costs weigh on its economy, plus it wants to tax gaz harder and harder
- Little support below parity until ~0.86
- Momentum of a fireball, or a big truck at full speed
- It does not seem like Europe has any plan to fight inflation (yet?)
- The USD will keep going up simply because the world is full of stubborn and risk-averse old people that have done the same thing their whole lives
- I cannot find any reason for it to go up yet, other than it's undervalued (as it has been for years)
No matter how dumb it is, follow the herd!
Definitely short on the Euro, thanks for the money suckas.
EURUSD Holding Above A Key Support
The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas supplies later this month will exacerbate an energy crisis
The dollar index, hit new five-week highs as Federal Reserve officials reiterated an aggressive monetary tightening stance ahead of the Fed's Jackson Hole symposium this week.
The EURUSD seem to hold above 0.99521 support level on the daily chart, a violation for the mentioned support may open the door for a further losses towards 0.98614 support level.
The main view still bearish as long as we're within the downward sloping channel (we can expect lower lows) - but an upward correction is expected on the short term.
$EURUSD Major Historical Bottom - Buying OpportunityFrom 2008 till today, the Euro has been in a steady downward spiral. It's been 14 years of this, but I believe this trend is close to an end. This idea coincides with my DXY major top outlook which I published a while ago. This doesn't necessarily mean Europe is entering a bull market (although it's possible) but it does mean that the US Dollar has probably peaked as the global reserve of value at least for a few years. I would expect rapid recuperation of value of several other currencies like GBP, AUD, CAD, etc. against the USD.
Euro looking weakWe will see the last correction on the grey area then we are going down to 0.95
Invalid if we break the green area
Preferred trade is to sell into rallies on EURUSDEURUSD - Intraday - We look to Sell at 1.0095 (stop at 1.0154)
The medium term bias remains bearish. Price action has broken from the previous formation. A firmer opening is expected to challenge bearish resolve. Resistance is located at 1.0100 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 0.9956 and 0.9925
Resistance: 1.0100 / 1.0400 / 1.0800
Support: 0.9955 / 0.9900 / 0.9800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
💵Euro/U.S.Dollar💵 Analyze (Short term)!!!Euro is running in microwave 5 of main wave 5; I expect that Euro will go up(short term) from the end of wave 5 zones that I showed in my chart.
Also, we can see the Regular Divergence (RD+) between Price and MACD/RSI Indicators.
🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 1H⏰
🟢Heavy Support Zone🟢:1.000$ until 0.995$
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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
US dollar now above long term channel supportLooks like a break up out of the weekly channel and then a successful retest. Very bullish and 110 + likely soon. Euro likely continues sell off and goes below parity with the USD as I posted before.
$EUR - Be prepared...!$EUR - Be prepared...!
$EUR - What a mess!
We've shifted gears this morning.
Fundamental reasons as I stated in my previous posts and various others there is no good data coming out of EUR. Now as you look across the board its DXY move and you have precious metals, crypto, Indices and majors under pressure. This could continue! However, further insight will be happening at Jackson Hole. Which is another event to see what Powell has to say - Dovish or Hawkish. Europe shot themselves in the foot when it comes to further sanctions, as Europe overall heads into an energy crises. Germany & French electricity prices keep climbing, hit fresh records. German year-ahead power is on a nine-day rising streak. Contract rose 1.4% to record 545 euros per MW/h. Europe year-ahead coal futures climbed 2.1% to a record $311.50 a ton, and the river Rhine having issues due to low levels and lastly German producer prices on record (+5.3% MoM). It really doesn't look very pretty at all!
Have a great weekend,
TJ
Resistance located at 1.0150 expected to cap gains on EURUSDEURUSD - Intraday - We look to Sell at 1.0144 (stop at 1.0183)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. Price action has broken from the previous formation. A firmer opening is expected to challenge bearish resolve. Resistance is located at 1.0150 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 1.0051 and 1.0030
Resistance: 1.0150 / 1.0400 / 1.0800
Support: 1.0050 / 1.0000 / 0.9950
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
EURUSD update EURUSD was consolidating under the trendline and it is breaking below now as prediction
Risk
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURUSD SWING TRADE PLAYBOOKWith the negative fundamentals weakening the euro and now the technical confirmation of a break to a critical high timeframe level. Low timeframe price action with a break of a bear flag formation. Makes this a high probability trade to the down slide. Apply Good Risk management.
