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Eurodollar

Thoughts on EURUSD before the ECB rate. H4 12.09.2024Thoughts on EURUSD before the ECB rate I expect the euro to reach 1.0950-1.10 down to the area of option hedges and profile accumulation, and then continue to grow. Of course, there may be surprises, but this is my prior view. In detail we need to keep an eye on the new option fillings, they will tell us which areas will be hedged. The market is expecting a 0.25% rate cut, but the main movement will be given at the press conference on further ECB monetary policy plans. My subscribers and I closed our sales in the private channel yesterday.
Short
by KovachTrader
EURUSD - 4H Bearish PhaseEUR/USD recently reached a key daily resistance zone, facing a strong rejection from that level, signaling potential further downside. The pair also lost the critical support zone below 1.11, consolidating under it for the past week. After this consolidation, EUR/USD has completed a pullback to the critical zone, making it technically ready to fall further. This structure offers a solid opportunity for short positions, with a clear rejection from both the daily resistance and the pullback to the previous support-turned-resistance. Fundamentally, the U.S. Dollar has been gaining strength due to rising expectations of continued rate hikes by the Federal Reserve. In contrast, the Euro has weakened amid concerning Eurozone data, reflecting slowing growth and economic challenges. The divergence between the two currencies supports further bearish movement for EUR/USD, especially as the Dollar Index continues to rise. As you can see in the chart, we previously shared a sell position at the 1.1117–1.1122 range. Now, with the technical and fundamental backdrop confirming further downside, this is a good opportunity to sell EUR/USD again, targeting further drops as market conditions remain favorable for the U.S. Dollar.
Short
by Sober_Trading
EUR/USD: Bearish Bias Amid Dollar Strength and ECB Rate Cut Ex..EUR/USD: Bearish Bias Amid Dollar Strength and ECB Rate Cut Expectations Last Friday, the EUR/USD pair attempted to recover some of its losses from the previous week, following an initial decline in the US Dollar. The greenback weakened after the release of the ADP Non-Farm Employment Change and Unemployment Claims, which delivered less-than-encouraging economic signals. However, the dollar quickly regained ground thanks to positive results from the Final Services PMI, ISM Services PMI, and Crude Oil Inventories, all of which helped to boost investor confidence in the US economy. Despite this brief rebound in EUR/USD, the pair's upside potential seems limited. Recent inflation data from the eurozone has heightened market expectations that the European Central Bank (ECB) will implement a rate cut at its upcoming policy meeting on Thursday. This looming policy shift has created a bearish outlook for the euro, as lower interest rates typically reduce the attractiveness of a currency in global markets. From a technical perspective, our bearish stance on EUR/USD remains unchanged. Over the past two weeks, the pair has struggled to maintain its rally after hitting a major supply area, which has now turned into a formidable resistance zone. Adding further to this bearish sentiment is the Commitment of Traders (COT) report, which reveals that retail traders are predominantly bullish on the euro, while institutional players, often referred to as "smart money," maintain a bearish position. This divergence suggests that the euro's recent attempts to rally may lack the institutional support needed for sustained upward momentum. Seasonality also favors a bearish trend for the euro at this time of the year. Historical data shows that the EUR/USD pair tends to weaken during this period, aligning with our current forecast. The combination of technical resistance, COT positioning, and seasonal trends points to further downside risks for the euro. On the chart, I have highlighted a key demand area where the price could potentially drop. This zone may act as a magnet, pulling the pair lower before triggering a possible retracement. If the price reaches this level, we may see a short-term bounce, but the overall bias remains bearish unless there is a significant shift in fundamentals or technical indicators. In conclusion, the EUR/USD pair faces several headwinds, including dollar strength, expectations of an ECB rate cut, and bearish technical and seasonal factors. Traders should remain cautious as the pair approaches key demand levels, and any short-term rallies may be limited by broader market forces. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
EURUSD "The Fiber" Bullish Robbery Plan on Short sideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist EURUSD "The Fiber" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by Thief_Trader
EUR/USD Longs to short idea from 1.10500 My analysis for EU is similar to GU. Currently, the price is very close to a 3-hour demand zone where I will be looking for buying opportunities. Once the price enters this zone, I will wait for distribution before targeting the nearest supply zone for a potential sell. When the price reaches that supply zone, I will consider entering sells, as there's a similar setup in GU from last week's NFP. However, my ultimate target is the extreme supply zone at the 10-hour level. Confluences for EU Buys: - The price has created a clean demand zone that caused a change of character (CHOCH). - In the short-term trend, there's substantial liquidity to the upside for price to take. - This setup aligns with the DXY (Dollar Index). - Price has filled in an imbalance as well. Note: I am more inclined to take these buys since the demand has caused a CHOCH on the higher time frame. Have a great trading week, and don't forget about the upcoming CPI data!
by Hassan_fx
EUR/USD Daily Chart Analysis For Week of Sep 6, 2024Technical Analysis and Outlook: In the current week's trading session, the Eurodollar exhibited a rebound from the Mean Support level of 1.102. It effectively breached our Mean Resistance level at 1.109, establishing a newly created Mean Res 1.115. The transient selling pressure led to a significant downward movement and is anticipated to retrace back towards the Mean Support at 1.102, possibly reaching down to the interim level of Mean Support at 1.097 in the interim price action.
by TradeSelecter
EURUSD Analysis==>Cup and Handle Pattern==>>Pennant PatternEURUSD is moving near the Support zone($1.105-$1.103) and managed to break the Downtrend line . If we look at the EURUSD chart from the point of view of Classic Technical Analysis , we will notice two Cup and Handle Pattern and a Bullish Pennant Pattern . After breaking the neckline, I expect EURUSD to rise to at least the Resistance zone($1.111-$1.109) . Euro/U.S.Dollar Analyze ( EURUSD), 15-minute 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
3
EUR/USD Longs from daily level of demand 1.10000My analysis for this week aligns well with both DXY and GBP/USD, as the dollar is approaching a major supply level. When the price reaches that supply zone, I expect EUR/USD (EU) to mitigate its daily supply, potentially forming a Wyckoff accumulation pattern. Once this pattern is completed, I plan to look for buying opportunities, potentially holding positions at an intraday level. If the price retraces upward before mitigating the demand, I will consider selling from the supply zones I've marked, which are near the current price. Specifically, I will watch the 7-hour and 10-hour supply zones for potential short-term sell setups. Confluences for EU buy opportunities include: - The higher time frame trend is bullish, with a recent break of structure to the upside. - A daily demand zone has been established, which also caused a break of structure to the upside. - There is significant liquidity to the upside, including untouched Asian session highs. - This trade setup aligns with the higher time frame trend, making it a pro-trend trade idea. P.S. As it is NFP week, be cautious of increased volatility due to economic news later in the week. Stay vigilant and TRADE SAFELY!
Long
by Hassan_fx
EUR/USD Daily Chart Analysis For Week of Aug 30, 2024Technical Analysis and Outlook: Throughout the current week's trading session, the Eurodollar has demonstrated significant downward momentum after retesting the pivotal completed Inner Currency Rally at 1.120. The resultant downward trend has effectively suppressed our Mean Support at 1.111 and currently encounters selling pressure at the present level, potentially driving the price down to our designated support levels of 1.102 and 1.097. Nevertheless, the possibility exists of transient buying pressure, which will cause a push in price to Mean Resistance at 1.109 in the interim price action.
by TradeSelecter
Fundamental Market Analysis for August 29, 2024 EURUSDEUR/USD trimmed recent gains on Wednesday, sliding lower after hitting new highs for the year as expectations of a rate cut by the Federal Reserve (Fed) in September keep risk appetite in the broad market under a ceiling. There is little of interest on the economic calendar for the middle of the trading week, but Thursday will see the release of US Gross Domestic Product (GDP) data, which will be closely watched. Little movement is expected, however, as markets generally estimate second quarter GDP growth at an annualized rate of 2.8%. Friday's data promises to plunge markets into a trance of boredom with the release of the fresh Harmonized Index of Consumer Prices (HICP) inflation figure for the EU at the start of the European session. EU core HICP inflation is expected to continue to decline across the board. It is forecast to be 2.8% y/y in August, down from the previous reading of 2.9%. US Personal Consumption Expenditures (PCE) price index inflation, due on Friday, remains the key reading of the week and investors are shuffling their feet waiting for signs that inflation will continue to fall, or at least not rise fast enough for the Federal Reserve (Fed) to get on the rails for the much-anticipated rate cut on September 18. Trading recommendation: Trade predominantly with Sell orders from the current price level
Short
by Fresh-Forexcast2004
Fundamental Market Analysis for August 26, 2024 EURUSDThe EUR/USD pair continues to rise for the second session, trading near 1.11900 during the Asian session on Monday. The rise in EUR/USD is attributed to the decline in the US dollar following a dovish speech by US Federal Reserve (Fed) Chairman Jerome Powell at a symposium in Jackson Hole on Friday. Fed Chairman Jerome Powell stated, “The time has come for policy adjustment.” Although Powell did not specify when the rate cut would begin or what its potential size would be, markets expect the U.S. central bank to announce a 25 basis point rate cut at its September meeting. In addition, Philadelphia Fed President Patrick Harker emphasized on Friday the need for the U.S. central bank to gradually lower interest rates. Meanwhile, Chicago Fed President Austan Goolsbee noted that monetary policy is currently as restrictive as possible and the Fed is now focused on achieving its employment mandate. As for the euro, European Central Bank (ECB) Governing Council member Olli Rehn said on Friday that slowing inflation along with weakness in the eurozone economy strengthen the case for lower borrowing costs next month, Bloomberg reported. Growth prospects in Europe, especially in the manufacturing sector, are quite weak, strengthening the case for a rate cut in September. Trading recommendation: Trade predominantly with Buy orders from the current price level
Long
by Fresh-Forexcast2004
EUR/USD possible short from 1.12000My analysis for EUR/USD (EU) this week is similar to GBP/USD (GU). The pair has been very bullish and is now approaching key supply areas where I will be looking to sell short-term, just until price reaches another valid demand level. From there, I plan to buy back up, expecting it to create a new leg to the upside. If price breaks through the 20-hour supply zone, there's a 16-hour supply zone just above it that looks more promising, as it's in a premium area. With the news events this week looking favorable and few major risks ("red folders"), Monday might see price slow down and form a distribution pattern. Confluences for EU Sells: - Price has been very bullish, so a retracement is needed to sustain the upward movement. - Recent price action has been very parabolic, resulting in unhealthy market behavior. - There are imbalances and liquidity below that need to be filled. - The 20-hour supply zone presents a potential opportunity for short trades. P.S. If price melts from this zone, I'll look for an Asia high sweep followed by my usual setup. I expect price to fill the imbalance below and tap into my demand area.
Short
by Hassan_fx
EUR/USD Daily Chart Analysis For Week of Aug 23, 2024Technical Analysis and Outlook: The Eurodollar showed strong upward momentum throughout this week's trading session. It reached our Key Resistance at 1.111 and completed the Inner Currency Rally at 1.112. Further buying pressure pushed the price to complete an extended Inner Currency Rally at 1.120, with the potential to reach the completed Outer Currency Rally at 1.124. Conversely, selling pressure at the current level could drive the price down to our Support level of 1.111.
by TradeSelecter
EUR/USD: Key Supply Zones to Watch for Potential ReversalsThe EUR/USD pair has extended its upward momentum, reaching new highs for 2024, currently hovering around 1.1077 as I write this. This surge is largely attributed to the persistent weakness in the US Dollar (USD), which has been on the back foot in recent sessions. Expectations around the upcoming Consumer Price Index (CPI) release have shifted market sentiment. While there was initial speculation of a half-point rate cut by the Federal Reserve next month, the chances of such a significant cut have diminished. Instead, a more modest rate reduction now seems more likely, especially in light of better-than-anticipated outcomes from other critical US economic indicators. Looking forward, the release of the Federal Open Market Committee (FOMC) Minutes is anticipated to be the key event this week. However, market participants will also keep a close eye on Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium and the testimony of Bank of Japan (BoJ) Governor Kazuo Ueda before Parliament. These events could offer further insights into the future direction of monetary policies, influencing the USD and, by extension, the EUR/USD pair. From a technical perspective, the EUR/USD has approached a critical Supply area, where we observe a significant concentration of retail traders maintaining long positions, while commercial players have reduced their exposure. Given the current sideways market conditions, this Supply zone could be pivotal. A reversal may occur here, leading to a potential decline in the pair. However, if the price does not reverse at this level, the next key Supply area to watch would be around 1.1175. This level could become the next focal point for traders looking to identify potential turning points in the market. ✅ Please share your thoughts about EURUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
EUR/USD Daily Chart Analysis For Week of Aug 16, 2024Technical Analysis and Outlook: The Eurodollar exhibited consistent upward momentum throughout the current week's trading session. It successfully retested the Mean Resistance level of 1.099 and the completed Inner Currency Rally at 1.100. The breakthrough of these thresholds led to the establishment of a new Mean Resistance at 1.104. A breach of this pivotal level may incite rapid upward movement, targeting the Key Res 1.111 and culminating in the completion of the Inner Currency Rally at 1.112. Conversely, the prevailing downward analysis projects a sustained descent toward a critical Mean Support level of 1.097.
by TradeSelecter
Fundamental Market Analysis for August 14, 2024 EURUSDThe Euro-dollar pair is trading on a flat note near 1.09900 in the early European session on Wednesday. Traders are opting for a wait-and-see approach ahead of important economic data releases from the Eurozone and the US. Keep a close eye on the Eurozone's gross domestic product (GDP) for the second quarter (Q2) and the US consumer price index (CPI) for July. Data released by the Bureau of Labor Statistics on Tuesday showed that the Producer Price Index (PPI) for US final demand rose 2.2% y/y in July versus 2.7% in the previous month, lower than the 2.3% expected. The monthly PPI increased 0.1% y/y after rising 0.2% in June. The core PPI, which excludes volatile food and energy prices, rose 2.4% y/y in July, up from 3.0% in June, below the market consensus forecast of 2.7%. Markets expect the Federal Reserve (Fed) to cut rates by 25 basis points (bps) in September, while a 50 bps rate cut in September is not out of the question, but it will be entirely data dependent. Atlanta Fed President Raphael Bostic on Tuesday emphasized that the latest economic data has given him "more confidence" that the Fed will be able to bring inflation back to the 2% target. Still, more evidence is needed before he would be willing to support an interest rate cut. The Eurozone economy is estimated to have grown 0.3% in the second quarter from the previous quarter and 0.6% from a year earlier. Weaker than expected GDP growth figures may have a negative impact on the Euro (EUR) exchange rate against the US Dollar (USD). Trading recommendation: Watch the level of 1.09900 if the level is fixed above, take Buy positions. On the rebound take Sell positions.
by Fresh-Forexcast2004
EUR/USD Daily Chart Analysis For Week of Aug 9, 2024Technical Analysis and Outlook: The Eurodollar demonstrated consistent upward momentum during this week's trading session, reaching our Mean Resistance level of 1.094 and retesting the completed Inner Currency Rally at 1.094. The substantial breakthrough of these targets resulted in establishing a new Mean Resistance at 1.099 and a complete Inner Currency Rally at 1.100. The prevailing analysis indicates a sustained downward trajectory toward a critical Mean Support level of 1.089. The breach of this significant target may prompt rapid downward movements, potentially extending to target the subsequent Mean Support level of 1.079.
by TradeSelecter