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eurusd sellEUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecasEUR/USD saw a slight decline on Tuesday but managed to stabilize above the 1.0835 area, where trendline support intersects with the 200-day moving average. Bulls will have to defend this crucial battleground vigorously; failure to do so could usher in a move towards 1.0725. On further weakness, all eyes will be on the 1.0700 handle.t and stay up to date with the latest EUR/USD news and analysis articles. On the flip side, if buyers regain the upper hand and push prices higher over the coming trading sessions, resistance can be identified at 1.0890, near the 50-day simple moving average. Sustained directional progress above this threshold could reinforce buying impetus, creating the right conditions for a climb toward 1.0950.EUR/USD is grinding lower toward 1.0800 in early European morning on Wednesday. The extended recovery in the US Dollar amid a deterioration in risk sentiment is weighing on the pair, as the focus shifts to a data-packed day ahead.
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by Mark804
eurusd sell EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles. The U.S. dollar, as measured by the DXY index, was subdued, and displayed restraint on Monday despite a modest uptick in U.S. Treasury yields. Market participants appear to be leaning toward a cautious stance at the start of the new week ahead of a high-impact event on Thursday: the release of the core personal consumption expenditures deflator, the Federal Reserve’s preferred inflation gauge. confirm signal EUR/USD is ranging at around 1.0850 in the European session on Tuesday. The pair stays supported amid a broadly subdued US Dollar and hawkish comments from ECB President Lagarde. The focus now shifts to the high-impact US economic data.
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by Mark804
EURJPY: Running out of steam?We're back returning to the ATH, which is around the centreline of the rising channel we've been in since the pandemic. I'm definitely expecting a reversal soon, we may post another ATH by a whisker, or it may double top before a move back down to the lower boundary. Any strong JPY fundamentals will break the boundary and signal the reversal imo. Surely the Yen cannot be allowed to remain so weak?? Backing Yen will be on my agenda in the coming months.
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by Finchcliffe
EUR USD down EUR/USD consolidates gains above 1.0800, awaits Fed Minutes From a technical point of view, EUR/USD’s daily chart shows its closing in the green for a fifth consecutive day. The same chart shows it trades above converging 20 and 100 Simple Moving Averages (SMAs) in the 1.0790 price zone, while it retreated from around a flat 200 SMA, currently around 1.0825. Technical indicators, in the meantime, maintain their upward slopes just below their midlines, suggesting bulls are willing to push EUR/USD further up. EUR/USD is holding gains above 1.0800 early Wednesday, having hit two-week highs on Tuesday. The US Dollar remains broadly weak, despite a mixed market mood, as investors weigh Fed rate cut bets and US government shutdown risks ahead of the Fed Minutes.
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by JohnHarry_7
EURUSD Sell Confirm The EUR/USD pair picked up some momentum ahead of the daily close but remains below the 1.0800 threshold. From a technical point of view, the daily chart shows that EUR/USD remains below its moving averages, with a bearish 20 Simple Moving Average (SMA) about to cross below the 100 SMA, both converging in the 1.0790 price zone. At the same time, technical indicators stand pat within negative levels, suggesting buyers are out of the picture. EUR/USD flattens in holiday Monday markets, investors look ahead to late-week European PMIs Confirm signal Sell
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by JohnHarry_7
EUR/USD Shorts from 1.08700 back down. Pro trend idea.My bias on EUR/USD has shifted to bearish following the upward movement of the dollar (DXY). With EU breaking structure to the downside, confirming the bearish trend, I'm now exploring strategies to capitalise on this. Currently, I anticipate a pullback in price to fill the imbalances just below the 20-hour supply zone (A). However, considering the distance from that supply zone, another scenario (B) may unfold. This involves price descending further to sweep the relative equal lows and reach my 19-hour demand zone. Subsequently, I foresee a bullish reaction prompting a reversal in price direction. Confluences for EU Sells are as follows: - Price left a clean 20-hour supply zone that caused a break of structure to the downside. - The overall trend for this market is bearish. - The dollar (DXY) is also moving bullish so it aligns perfectly. - Imabalnces below the supply that needs to be addressed. - Lots of liquidity left to the downside in the form of equal lows and Asia Lows. P.S. With the dollar also breaking structure to the upside, it complements this bias effectively. However, I'm not exclusively committed to one direction; I also entertain the possibility of price declining further to signal a bullish trend. We'll have to observe how price unfolds. Happy trading people!
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by Hassan_fx
Bears Running Wild!, Bulls Hesitate in EUR/USD ArenaUpon analyzing recent price movements over the last few days, a noticeable bearish sentiment is evident. The market is consistently forming lower lows and lower highs. In line with this trend, my outlook is inclined towards identifying selling opportunities. I plan to initiate sales after the price fails the fair value gap and reaches an area of supply, which we are currently approaching. In the event the market moves against me, I am open to reconsidering and may explore buying opportunities. However, my primary focus is on following the prevailing trend and seeking selling opportunities today. Thank you, and have a great day, my friends.
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by Districtfx
"EUR/USD Approaches Sub-1.0900 Levels, Facing Downside Pressure"The EUR/USD pair has experienced a deeper decline, touching its lowest point in 2024 at 1.0861 (as of January 16). It is now approaching a critical level, the 200-day Simple Moving Average (SMA) at 1.0847. If this support is breached, the December 2023 low of 1.0723 (on December 8) may reappear, preceding the weekly low of 1.0495 (on October 13, 2023), followed by the October 2023 low of 1.0448 (on October 3) and the psychological level of 1.0400. Positive prospects for this currency pair are likely to face challenges below the 200-day SMA. The 4-hour chart currently indicates a further downside trend in the very near term. Breaking below 1.0861 would eliminate significant support until the 1.0723 level. The MACD indicator is also trading in negative territory, and this bearish scenario is reinforced by the RSI index hovering around the 28 level, signaling oversold conditions. In the event of occasional upward attempts, immediate resistance is anticipated at the 200-SMA at 1,0925, followed by 1,0998, seemingly strengthened by the proximity of the 100-SMA around 1.0980. Investors and traders will closely monitor these levels for potential shifts in the EUR/USD pair's short-term trajectory.
by AdmamTrade
Euro's Risk Amid CPI SurgeEuro marked its strongest two-month performance in a year, surging 4.4% against the US dollar in November and December 2023. The dollar's weakness largely contributed to this rise, driven by expectations of swift rate cuts from the Federal Reserve, eroding its competitive edge. The European Central Bank (ECB) countered rate-cut pressures. Despite the Fed's market-friendly stance in December, ECB President Christine Lagarde dismissed talks of rate cuts, propelling the euro up by over 1%. Lagarde also anticipated fundamental impacts boosting December inflation and projecting a slower inflation decline in 2024. Forecasts predict Germany's CPI to rise to 3.9% from November's 2.3%. This week's release of regional CPI figures, expected after German data, forecasts inflation reaching 3% in December, marking a three-month high. Yet, market doubts linger regarding the ECB's hawkishness. The market's implied path continues to sway dovishly after December, with expectations of the first 25 basis point cut by April. Traders have factored in six cuts, totaling 150 basis points or a 1.5% rate decrease, and imply a 68% likelihood of a seventh cut. This hints at a perceived tilt toward a dovish policy trajectory.
by Larissa-Trader
Bears Roar and Bulls Hesitate EUR/USDEUR/USD Bears Take Control, Slamming through Monthly Resistance at 1.11392! No Reversal Signals Yet, but Stay Alert for Post-Holiday Surprises. The Deciding Factor? Keep an Eye on This Week's FOMC Meetings and Data Drops! DISCLAIMER: The ideas presented here are speculative. Users should exercise caution, employ proper risk management, and conduct their own research before making any trading or investment decisions. This information is for educational purposes only and is not financial advice.
by Districtfx
Today's EURUSD strategy will decrease again, what do you think On the hourly chart of EUR/USD at FXOpen, the pair started fresh gains above the 1.0930 zone. The Euro broke above the 1.0985 resistance area against the US Dollar. The pair even settled above the 1.1020 resistance and the 50 hourly simple moving average. Finally, it tested the 1.1040 resistance level. A high was formed near 1.1044 and the pair is currently consolidating gains. If there is a downside correction, the pair could test the 23.6% Fib retracement level of the upward move from the 1.0929 swing low to 1.1044 high at 1.1020. There is also a key uptrend line forming with support near 1.1020 and the 50 hourly simple moving average.
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by NicoTradingMaster
EUR/USD Nears 1.1050 Closure for 2023Technical Outlook: The EUR/USD rate lingers around 1.1050, swinging between the 50-hour and 200-hour SMAs as 2023 draws to a close. Post-holiday trading will transition into an extended break after the New Year, with EUR/USD finding technical support from the 200-hour SMA just above 1.1000. Daily candlesticks reflect an overbought scenario as the Euro retreats from Thursday's multi-month high near 1.1150. The 50-day SMA converges toward the 200-day SMA around 1.0850. Technical indicators, including the 14-day RSI, hint at a potential pullback from overbought conditions. The restrained movement of EUR/USD near 1.1050 signals cautious market sentiments, with indicators suggesting a possible retreat despite recent highs. This shift may influence early market trends in the new year. Wishing everyone a Happy New Year !
by Larissa-Trader
"EUR/USD Dips Below 1.1100 Amid Year-End Volatility"EUR/USD faced challenging retracements on Thursday as thin holiday trading stirred volatility around the final trading day of 2023. The Euro (EUR) swiftly climbed to a 21-week high of 1.1140 early on Thursday as broader markets continued to shed the US Dollar (USD) on expectations of a rate cut from the Federal Reserve. However, market over-expectations regarding the Fed's structural pivot played out well before today, and the uptick in the 7-year US Treasury yields triggered a retreat to the safe-haven USD, pushing riskier assets like the Euro back into the red on the last trading day of 2023. Initial US unemployment claims for the week ending December 22 also rose, indicating 218 thousand new claims compared to the previous week's adjusted 206 thousand. Additionally, pending home sales in the US for November fell short of market expectations, holding at 0.0% and missing the market forecast of a 1.0% recovery from October's adjusted -1.5% decline. As the year concludes, the EUR/USD forex pair grapples with market dynamics influenced by shifting expectations, economic data, and ongoing global uncertainties. Traders are closely monitoring these factors as they navigate the currency markets in anticipation of the new year.
by Larissa-Trader
EUR/USD Holds Above 1.1100, Eyes US Employment Data EUR/USD extends its upward momentum beyond the psychological level of 1.1100 during the Asian session on Thursday. The US dollar's overall weakness provides some support for the major currency pair, despite the rebound in US Treasury bond yields. Attention is now focused on mid-range US employment data. EUR/USD has confirmed the breakthrough above 1.1000 and quickly reached the 1.1100 mark. The pair peaked at 1.1122 before retracing modestly. The upward trend persists, although technical indicators are overbought across most timeframes. The trend remains strong and resilient, though some consolidation seems likely. On the 4-hour chart, the trend is bullish. However, technical signals suggest some accumulation may occur ahead of the Asian trading session, potentially ranging between 1.1110 and 1.1080. The 1.1050 region has become a relevant support area, followed by the 20-period Simple Moving Average (SMA) at 1.1030. Below 1.0980, the short-term trend may turn neutral. Corrections could be viewed as buying opportunities, keeping downsides limited.
by Larissa-Trader
EUR/USD Holds Above 1.1100 Despite Overbought SignalsEUR/USD extended its rise above 1.1100 in the Asian session on Thursday, supported by a weaker US dollar. Despite overbought technical indicators, the pair confirmed the breakthrough above 1.1000. The upward trend remains strong, with potential consolidation between 1.1110 and 1.1080. Key support lies at 1.1050, followed by the 20-period SMA at 1.1030. Corrections may present buying opportunities, with downside risks limited below 1.0980.
by AdmamTrade