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EURUSD - Limited but a potential for Upside!-It appears that the euro’s role as a funding currency is curbing the EUR/USD upside in the current market environment, as investors jump back into risk-on bets -With the eurozone growth outlook already partly compromised by restrictions in Germany and other eurozone countries, and the European Central Bank sticking to a broadly dovish tone, the euro may be facing more pressure regardless of Omicron-related sentiment -We could see EUR/USD re-test 1.1200 this week -But before that drop, we may witness some rise to the 1.12700 area. LONG TERM TARGET: 1.12
Short
by caldooninvestment
3
EUR/USD may lose bullish potential - scenario of a reversal Hello Traders Here is a new SELL Scenario, i expect this scenario starting end of the month of october, Most likely scenario is a reversal around that level. Federal Reserve 'on track' for tapering asset purchases. For a longer term, it can reach 1.15 and 1.14 for a quarter if you are patient. 💹EUR/USD SELL STOP ✅ Entry @1.17300 or below (Best Scenario, It may go until 1.17000 and reverse) ✅TP-1# 1.16650 ✅TP-2# 1.16450 ✅TP-3# 1.16250 ✅SL# 1.17700 Source: www.fxstreet.com Source : finance.yahoo.com JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals
Short
by jamdejam
4
EURUSD Going up - PMI beats estimatesHello Traders Here is a new BUY Opportunity, Eurozone Preliminary Manufacturing PMI beats estimates with 58.5 in October 💹EUR/USD BUY STOP ✅ Entry @1.16450 or above ✅TP-1# 1.16650 ✅TP-2# 1.16960 ✅TP-3# 1.17450 ✅SL# 1.15350 Source: www.fxstreet.com JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals
Long
by jamdejam
3
🚀The Eurozone stock index is ready to take off! Or ... 🤷‍♂️●● Mine scenario OANDA:EU50EUR 🕐 1W TVC:SX5E If you are interested in trading on the euro area economy, you can use this index. The EURO STOXX 50 reflects the dynamics of the largest and most liquid 50 shares in the euro area. The rapid decline in the wave (C) that gave rise to the COVID-19 pandemic was apparently a necessity within the ② of V flat. 🕐 1D OANDA:EU50EUR Now we are testing a quite strong level of resistance. Counting from a series of the first and second waves is a harbinger of rapid growth and extension of the third wave. 🕐 6h OANDA:EU50EUR Focus on the "invalid." level, the breakdown of which will serve as a signal of the transformation of the wave ((ii)) to the flat, or, even worse, the realization of an alternative count with black markings. ●● Alternative scenario 🕐 1W FESX1! In an alternative count, the boundary of a large triangle of degree IV "Cycle" will be expanded. The current growth can go in a wave (Y) of ((B)) followed by a decline in ((C)) . The count will become more relevant if the wave C of (Y) (6h) is transformed to the ending diagonal. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
TVC:SX5E
by TradeWaves-EWA
Time to press euro Longs EUR/USD has recently broken below some key technical levels of support such as 1.2050. Recent USD resilience could wane over the next few days as positioning in euro cleans up. Coming into January, many managers had the reflation bet on, which encompasses the long EURUSD trade. This trade caught them wrong-footed, and many managers squared out during a period of heightened volatility. The risk is now for a move higher in the euro as the consensus position has decreased in size. euro fundamentals remain bullish, albeit with some negativity around vaccine distribution. That said, global risk remains bid, and euro should be no exception to this tone. Across the macro landscape, oil is reaching yearly highs, the 10Y yield in the US is flirting with its recent upper bound, and gold is breaking down. The only signal that doesn't confirm the current reflationary landscape is the dollar. Many are calling this the start of the dollar move, but I would much rather fade this move with a tight stop. EURUSD likely rises to over 1.25 in the next few months. If I am wrong, we have a short stop and we re-asses.
Long
by MT-Macro
3
EUR Breakout|Reflationary trend[exports driven]|2021 Double-Dip?Short idea, few things to keep an eye on. It seems that the EUR is conforming a breakout on the monthly. A decent sign for the recovery of the global economy for 2021, as exporting nations are given the advantage of bouncing back post-covid. However, I do not think that the Euro will sustain above the 2018 highs of 1.25 in 2021 for few reasons. -> The EU southern states are tourism reliant, and very doubtful that the leisure sector will recover as fast, hence increasingly more stimulus will be needed to sustain these economies. A stronger euro would even further hurt the potential to recover. -> Post-covid, supply chains are likely going to be disrupted for the long-term, affecting EU exports and further increasing the likelihood of a double dip in 2021. -> Even though Biden is likely to take a lighter stances on tariffs, it certainly won't be the same as Obama's approach to Globalism, i.e some of Trumps policies are likely to stay. -> Very unlikely that Dems get a trifecta by taking control of the senate in January, so the levels of stimulus as well as tax amendments won't be as high as currently expected. Overall, dollar bullish. -> Merkel leaves in 2021, unlike the US, the transition will be orderly, however policies are likely to change, further impacting FX volatility. -> DXY(EUR > 50% typically) is also pointing out to a weaker dollar, initially at the start of 2021. This is it for EURUSD, the rest is demonstrated on the chart. The reason I am not long, despite the chart suggesting a bullish trend, is because of the 2021 double dip potential, which is the necessary retest for me to turn bullish on the Euro for 2021-2024. So, let's see how it all turns out in 2021. -Step_ahead_ofthemarket ________________________________________________________________________________________ >>I do not share my ideas for the likes or the views. This channel is only dedicated to well-informed research and other noteworthy and interesting market stories.>> However, if you'd like to support me and get informed in the greatest of details , every thumbs up and follow is greatly appreciated! Disclosure: This is just an opinion, you decide what to do with your own money . For any further references or use of my content- contact me through any of my social media channels.
by step_ahead_ofthemarket
3
EURUSD | Do or Die Situation in Monthly Chart...!!#EURUSD (update) Do or Die !! In Monthly TF Chart, EURO Has been forming Falling Wedge Pattern. At the Moment, Facing 12yr Downtrend Resistance ( Last 3 Times Got Rejected) Today is the Monthly Candle Closing So If Next Monthly Candle Open Below the Trendline, Expecting Bearish Wave.📉 If Candle Closed Above the Trendline, EURO Bulls Might Pump in Coming Months..📈🚀🚀 In Both Scenarios, Expecting 1000+ PIPS Movement for Midterm So Keep Your Eyes on EURO 😊 Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
by Faibik
The Euro will shine while the Dollar goes under.We have seen a very clear shift in the COVID-19 pandemic storyline. This means that the dollar Safe-Haven state will decrease over time as vaccines go into production, Countries handle a second wave without lockdowns and businesses go back on track towards the next economic recovery period that might take a couple of years. Fundamental Backers: 1. FED Balance Sheet expansion and support for the economic outlook with Rates near 0 until 2022 are expected. 2. Brexit negotiations are on track and are key to a good recovery for the Euro Zone, this plus Euro area coordinated support has been great for the economic outlook. (GBP & EUR looking good). 3. Oil Price's negative correlation with Commodity inverse currency Dollar has given yet another backer for fundamentally strong moves for all currencies against the dollar, especially commodity-driven ones. (Check Latin American currency opportunities ;) ) 4. Economic recovery and expansion bring outlook on a bullish market for the late 2020 & a strong bullrun up to 2022, perhaps we might see momentary stagnation but it does not compromise long term perspectives. 5. Trump's desire for Re-election pleads for a weaker dollar that could benefit American companies. .... many more confirmations but the main takeaway is the fact that we might see a weaker dollar in the coming months, to years. This is strong for Commodity based currencies and the euro especially. Let's see what happens with Brexit which is my main concern right now.
TVC:DXYShort
by afcapitaltrading
EURUSD Cam S4 R4 yearlyIn this post we analyzed the breakdowns (breakouts) of Camarilla S4 R4 yearly pivots, so called yearly floor and roof levels and what impact those rather significant events had on EURUSD weekly chart. As you see, each such breakdown generated violent moves (yellow) that often lasted into the next year. If there S4-R4 violation did not generate such a move it was because those levels were broken during the previous year or two and proceeding yearly break exhausted itself. There was no such violation in 2018 and 2019 to give us reasons to believe that the current break will not succeed. Besides that, we have got a thinnest yearly CPR in EURUSD history. As we noted earlier thin CPRs are forecasters of volatility (and volatility is the major sign of crisis). We ought also notice CPR alternation principle (thin CPR trend - wide CPR congestion) that is often observed as demonstrated above (1,2,3 in late 1990s). By this principle, 2020 should be a trending market, while in 2021 we will see a retrace (recovery) and congestion. For educational purposes only.
Short
by ICFX