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Eurousd

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
by Capitalcom
2
EUR/USD Technical BreakdownEURO / DOLLAR; Technical Breakdown (Long) So, as you can see we've had a depletion at 0.98800 where price failed to break the lows and printed a clear inverted head & shoulders After the third bounce of the trendline, I was expecting price to break through, indicating price is reversing We have clear / well respected support / resistance zones marked out, indicating where price is likely to go after breaking bearish market structure Now, for me personally, I'd like to see price come back to the golden zone between the 61.8 & 78.6 fib levels to give the best / highest probability set up whilst maximising our reward to risk You may have noticed these fib levels also line up with the trendline, a strong area of support (0.99250) as well as the neck line of the inverted head & shoulders However, This set-up isn't guaranteed, but, if price does come back to this zone, I will be looking to take buys as soon as we have 3 rejection candles on the 5m or 15m timeframe We may even have a rejection of the 0.99750 level which price has previously respected as support, but again, in my eyes, the best set up which we as traders should all wait for is the highest probability set ups which to me is the deeper pullback to that 0.99250 level. Hope you enjoyed that technical breakdown on EU. Let me know what you guys think about this pair.
Long
by TomBray1
EURUSD Euro 20-year lowIf you haven`t shorted the EURUSD here, when i was telling you that "The European Union rely on Russia for almost 38% of their imported natural gas; Germany gets about 50% of its natural gas and coal from Russia, and a third of its oil; German economy was by far the largest in Europe": The you should know that the Euro plunged to a fresh 20-year low as investors fretted about the energy crisis. Russia will not restart gas supplies to Europe through a key pipeline until western sanctions are lifted. OPEC+ unexpectedly decided to cut output in October by 100,000 barrels a day. My target for EURUSD pair is 0.9673. Looking forward to read your opinion about it.
Short
by TopgOptions
💵Euro/U.S.Dollar💵 Analyze (Short term)!!!Euro/U.S.Dollar is running in the Heavy Support zone and Support line. I expect that Euro/U.S.Dollar will go up to the Resistance zone in the next hours. 🔅Euro/U.S.Dollar Analyze (EURUSD) Timeframe 1H⏰ 🟢Heavy Support zone🟢:1.000$ until 0.9895$ 🔴Resistance zone🔴:1.01392$ until 1.0089$ 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.
Long
by pejman_zwin
8
💵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.
Long
by pejman_zwin
5
$EUR - Be prepared...!$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 $311.50 a ton, and the river Rhine having issues due to low levels and lastly German producer prices on record (+5.3% MoM). It really doesn't look very pretty at all! Have a great weekend, TJ
by Trade_Journal
💵Euro/U.S.Dollar💵 Analyze (update)!!!EURO is on the resistance zone, and at the same time; it was able to find the end of microwave C of Main wave 4 by Ending Diagonal Pattern . I expect Euro to go DOWN at least to the support zone from the current prices. 🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 1H⏰ 🔴Resistance Zone🔴: 1.028$ until 1.025$ 🟢Support Zone🟢:1.00955$ until 1.0068$ 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.
Short
by pejman_zwin
6
💵Euro/U.S.Dollar💵 Analyze (Short term)!!!EURO completed Main wave 4 by Expanding Ending Diagonal in the resistance zone. if you want to look at the road map of Euro/U.S.Dollar, please look at 👇 🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 15min⏰ 🔴Resistance Zone🔴: 1.028$ until 1.025$ 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.
Short
by pejman_zwin
10
💵Euro/U.S.Dollar💵 Analyze!!Euro is moving in Descending channel and makes the Double Three Correction(WXY) for completing the main wave B. I expect that Euro will go down to the Support zone. And then it goes up to the Resistance zone & Important Resistance line. 🔅Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 1H⏰ 🔴Resistance Zone🔴: 1.028$ until 1.025$ 🟢Support Zone🟢:1.0079$ until 1.0068$ 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.
by pejman_zwin
2
The Break DownLet's break this trade down: 12AM NEW DAY. Overall Bias Trend was UP on EURUSd the DXY WAS Down. The mindset therefor is LONG for the day. The algorithm that delivers price attacked sell side liquidity taking out all LONGS before it then 52 Faked out and continued the original trend long. The key to this set up if you're early never over leverage. You over leverage you can't stay in this set up. 3am Now The Bias is Set. The DXY is breaking South. EURUSD has at least 60 pips to Range once she breaks this morning zone which as of 3:02am it's BROKEN. Now we ride this rocket to the extremes before the next set up presents itself. #TradingMadeSimple
Long
by Master-Jedi-Trader
The Daily Route UPDATED!Here's the set up I put together Friday Evening. Price did everything it was suppose to. This long will last until 2am. This is a fakeout. Thus the (Judas Swing) When you know the schedule you can fade the Fakeout. MET (Mount Everest Trade) Trade Entry right at the top of this move and watch price melt. 2am The algorithm will engage the MACRO program and begin to trend in the bias of the day. Never over leverage, Trust your trade set up. Have fun! I AM Pro Trading Made Simple. (I wrote this play up Friday night in front of my students:)
by Master-Jedi-Trader
1
Broken Slot Machine on isle EUROUSD!Here's the set up: This long will last until 2am. This is a fakeout. Thus the (Judas Swing) When you know the schedule you can fade the Fakeout. MET (Mount Everest Trade) Trade Entry right at the top of this move and watch price melt. 2am The algorithm will engage the MACRO program and begin to trend in the bias of the day. Never over leverage, Trust your trade set up. Have fun! I AM Pro Trading Made Simple. (I wrote this play up Friday night in front of my students:)
Short
by Master-Jedi-Trader