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Eurusdanalysis

Did EurUsd topped?EurUsd has started the year badly, with the first trading day of 2023 being a red one, but more importantly, marking the up break from last Friday as a false one. On 3rd January we have a new long red candle that also breaks under a small double top pattern and yesterday's candle, a new drop with the candle engulfing the 4th of January correction. The all, put together, could give us an idea that the 3 months correction is over and the most traded pair is ready to resume its long-term bearish trend. Short-term traders could focus on the 1.0580 zone resistance and target the 1.04 support and medium-term traders can aim for the 1.02 important one. Negation comes with a new high above 1.07. Anyway, as I said multiple times in my previous analysis, there si nothing fundamentally that supports higher prices for Eur above 1.08, and this year I expect a new visit under parity if not even a new low.
Short
by Mihai_Iacob
13
EURUSD may drop to monthly supportCurrency Pair : EURUSD Possible direction : Bearish Technical Analysis : Price has broken out of daily support and showing strong bearing momentum on daily and 4h. Current session candle has a very weaker response from the buyers. Fundamental : Positive ADP Non Farm Employment change data has given a strong boost on USD Possible trade recommendation : Bearish as per chart Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Short
by ForexWizard01
6
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation may change in the future. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So keep an eye on FED UPDATES and US DATA. - Definitely, according to the market structure, EURUSD can go down to the support level of 1.0418 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. After that, EURUSD can go up to 1.1000 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
by benny_marshall
1
EurUsd could rise to 1.08Since the end of September last year, EurUsd has started to rise and managed to recover more than 1000 pips from its 2022 losses. Although in long term I believe that the bearish trend will resume, in the short term more gains could happen. In the second half of December EurUsd consolidated in a range with a break above the upper boundary of this range on the final trading day of the year. Considering the short term trend is still up we can see a continuation and the pair could reach the very important 1.08 zone. However, keep in mind that nothing changed from a fundamental perspective and we are, in fact, at the end of this correction and EurUsd could resume its fall very abruptly.
Long
by Mihai_Iacob
7
EURUSD Daily: 02/01/2023: Look back to 2022! You can see all the 2022 in this chart. Here we can expect two scenarios: 1- Bearish: We expect more fall in following zones: around 1.091 to 1.1 around 1.107 to 1.118 2- Bullish: We expect two important zones which if they can play az a good support we can expect bullish market for 2023, important supply zone are: 1.022 to 1.033 0.993 to 1.008 For now previous analysis is still valid. 💡Wait for update! 🗓️02/01/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
1