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Eurusdanalysis

DeGRAM | EURUSD a breakout of the downtrend lineEURUSD is moving in an ascending channel above the trend lines. The chart has broken the previous descending structure and started forming an ascending one. The price broke the upper trend line and consolidated above it, as well as consolidated above the support level and the lower boundary of the channel. We expect the growth to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
1
EURUSD Analysis: Slight Bearish Bias Expected (25/09/2024)The EURUSD pair continues to show signs of a slight bearish bias this week, in line with market conditions and fundamental factors. In this article, we will break down the key drivers influencing EURUSD as of 25/09/2024, along with a technical outlook. This analysis provides insights for traders and investors aiming to position themselves for potential downside movement in the EURUSD market. Fundamental Analysis: Factors Pressuring EURUSD 1. U.S. Dollar Strength The U.S. dollar has maintained its strength due to a series of factors, including recent hawkish remarks from the Federal Reserve. Fed officials have continued to emphasize the possibility of keeping interest rates higher for longer to combat inflation. This has provided significant support for the dollar, making it an attractive safe-haven asset, while simultaneously putting pressure on the euro. 2. Diverging Central Bank Policies The European Central Bank (ECB) has recently adopted a more cautious tone regarding future rate hikes. With inflation in the eurozone stabilizing, the ECB may opt for a wait-and-see approach, potentially slowing the pace of tightening or halting rate hikes altogether. This divergence in monetary policy between the ECB and the Fed is expected to contribute to further downside pressure on the EURUSD. 3. Weak Eurozone Economic Data Economic data from the eurozone remains relatively soft. The latest PMI data showed a contraction in the manufacturing and services sectors, further weakening the euro. Lower-than-expected growth forecasts and potential deflationary pressures also undermine the euro's strength. 4. Geopolitical Uncertainty Ongoing geopolitical risks, such as tensions in Eastern Europe and concerns over energy security, continue to cloud the eurozone’s economic outlook. These factors have led to capital outflows from Europe, with investors seeking the safety of the U.S. dollar. Technical Analysis: EURUSD Price Action On the technical front, EURUSD has struggled to break above key resistance levels near 1.10700, confirming the bearish sentiment. The pair has been trading in a downward channel since mid-September, and with recent price action rejecting the 50-day moving average, momentum indicators signal further downside potential. - Support Level: 1.09000 is a crucial support level to watch for EURUSD this week. A break below this could accelerate the bearish move, potentially targeting the 1.08500 level. - Resistance Level: The 1.10700 level remains a key resistance, and a move above this could invalidate the bearish outlook, though this seems unlikely given the fundamental backdrop. Outlook for the Week: Slight Bearish Bias for EURUSD Given the combination of strong U.S. dollar fundamentals, the divergence in central bank policies, weak eurozone economic data, and technical resistance, the EURUSD is likely to maintain a slightly bearish bias through the remainder of this week. Keywords for SEO: EURUSD analysis, EURUSD today, EURUSD forecast, EURUSD bearish, euro dollar, forex trading, U.S. dollar strength, ECB monetary policy, Fed rate hikes, forex market analysis, EURUSD price action, technical analysis EURUSD, eurozone economy. Conclusion EURUSD is likely to continue on its bearish trajectory, with potential downside towards key support levels this week. Traders should closely monitor U.S. dollar fundamentals, especially any new developments from the Federal Reserve, as these will play a crucial role in shaping EURUSD’s movement. Keep an eye on eurozone data releases and geopolitical headlines for any shifts in market sentiment that could impact this currency pair.
Short
by PERFECT_MFG
EURUSD Analysis: Anticipating a Slight Bearish Bias Towards 1.1!EURUSD Analysis: Anticipating a Slight Bearish Bias Towards 1.10000 (24/09/2024) As we analyze the EURUSD pair this week, a slight bearish bias appears probable, with a target near the pivotal level of 1.10000. Key drivers for this outlook include the recent economic data releases, central bank policies, and market sentiment. 1. Economic Data: Recent Eurozone economic indicators have shown mixed results, with weak manufacturing PMI figures suggesting slowing growth. Conversely, US economic data, particularly strong job numbers and retail sales, point to a robust economy, potentially strengthening the dollar. 2. Central Bank Divergence: The European Central Bank (ECB) is likely to maintain a dovish stance amid economic uncertainties, while the Federal Reserve appears committed to a tighter monetary policy. This divergence could exert downward pressure on the euro. 3. Market Sentiment: Increased risk aversion due to geopolitical tensions may lead investors to favor safe-haven currencies like the USD, further supporting the bearish outlook for EURUSD. In conclusion, the combination of economic fundamentals, central bank policies, and market sentiment suggests that EURUSD may trend towards 1.10000 this week. Traders should stay alert for potential market shifts and adjust their strategies accordingly. Keywords: EURUSD analysis, bearish bias, economic data, central bank policy, ECB, Fed, market sentiment, forex trading, trading strategies, 1.10000 target.
Short
by PERFECT_MFG
EURUSD / TRADING BELOW TURNING LEVEL - 4HEURUSD / 4H TIME FRAME HELLO TRADERS Month-by-Month Price Movements: June : Prices increased by 2.48%, indicating a bullish trend during this period. July: A reversal occurred with prices decreasing by 1.48%, showing market correction or loss of momentum. August: Prices surged again by 3.88%, suggesting renewed market strength or positive market sentiment. September (Forecast): A predicted decline of 1.26% could be attributed to cyclical market behavior, profit-taking, or external factors influencing the market. Technical Analysis: If prices drop below 1.114, further declines are anticipated, targeting 1.102 and potentially 1.094. This suggests a bearish outlook below the critical threshold of 1.114, where traders could expect more downside. However , A break above 1.115 signals bullish momentum, with prices potentially rising to 1.120 and 1.123. This implies that breaching 1.115 could trigger buying interest, pushing prices higher. UPWARD TARGET : 1.120 , 1.123. DOWNWARD TARGET : 1.102 , 1.094.
Short
by ArinaKarayi
I Cannot Long This !!! situation+next targets.Given that the price has reached the top of the megaphone pattern and a negative signal (regular bearish divergence) has emerged, we can expect the price to decline from here to the points indicated on the chart. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
3
Who taked my EURUSD sells calls ?? - In Dr.Aziz we trust !!EURUSD Weekly Analysis: Slight Bearish Bias Expected for 23/09/2024 As we enter the week of September 23, 2024, the EURUSD currency pair presents a slightly bearish outlook based on the latest fundamental drivers and current market conditions. Traders and investors should pay close attention to several key factors shaping this potential downturn. This article outlines the crucial economic and geopolitical elements that are expected to weigh on the Euro, resulting in a bearish bias against the US Dollar. 1. Diverging Central Bank Policies The European Central Bank (ECB) recently raised interest rates in a bid to control inflation, but their latest forward guidance has softened. ECB President Christine Lagarde signaled that the bank may adopt a more cautious approach to further rate hikes due to concerns over slowing economic growth across the Eurozone. In contrast, the US Federal Reserve remains hawkish, with markets anticipating at least one more rate hike by the end of 2024 to combat persistent inflationary pressures in the US. This divergence between ECB’s potential pause and Fed's hawkish stance gives the USD an edge. 2. Economic Slowdown in the Eurozone Recent data releases indicate that the Eurozone economy is facing significant headwinds. The PMI (Purchasing Managers' Index) numbers have shown contraction in key economies such as Germany and France, signaling weakness in the manufacturing and services sectors. These weak economic indicators, coupled with subdued consumer spending, are likely to add downward pressure on the Euro. 3. US Economic Strength The US economy continues to show resilience, with strong job market data and higher-than-expected retail sales reported in the latest figures. This strength supports the Federal Reserve’s case for maintaining its tight monetary policy, which in turn strengthens the US Dollar. Additionally, the demand for safe-haven assets like the USD is growing amid global economic uncertainties, further pressuring EURUSD to the downside. 4. Geopolitical Tensions Geopolitical tensions, particularly in Eastern Europe and uncertainties surrounding Russia’s conflict with Ukraine, continue to dampen investor confidence in the Euro. The ongoing energy crisis and the risk of a harsh winter in Europe are contributing to economic challenges, making the Euro less attractive to global investors compared to the USD. 5. Technical Indicators From a technical analysis perspective, the EURUSD chart displays key resistance around the 1.0700 level, which has held strong in recent sessions. A failure to break above this resistance indicates that the pair could face downward momentum, potentially retesting the 1.0600 level in the near term. The Relative Strength Index (RSI) remains below 50, reflecting a lack of bullish momentum, further supporting the bearish bias. Conclusion In conclusion, EURUSD is poised for a slight bearish bias this week, driven by diverging central bank policies, weaker Eurozone economic data, and the continued strength of the US economy. With geopolitical tensions and technical factors adding additional downward pressure, traders should be cautious of potential downside risks. Monitoring key levels and upcoming economic data releases, such as Eurozone inflation and US consumer confidence, will be essential for navigating the pair in the coming days. Keywords for SEO: - EURUSD analysis 23/09/2024 - EURUSD bearish bias - EURUSD weekly forecast - Euro weakness - US Dollar strength - Forex trading EURUSD - ECB vs Fed monetary policy - EURUSD technical analysis September 2024 - Eurozone economic slowdown - EURUSD trading strategy
Short
by PERFECT_MFG
KOG's RED BOXES - EURUSD EURUSD: Key level red box here is around the 1.1045 region with the bias being bullish above. Swing high currently in production, immediate red box needs to break. Have a look at the previous pinned posts on Red boxes to familiarise yourself with how they are so effective in keeping traders the right side of the markets. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
by KnightsofGold
DeGRAM | EURUSD a bounce in the descending channelEURUSD is moving in a descending channel between trend lines. The price is above the 50% retracement level of the last bearish impulse. The chart has already reached the lower boundary of the channel, the support level and the lower trend line. We expect the rebound to continue after retesting the 50% retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
3
EURUSD - TRADING TO REACH RESISTANCE TRENDLINE - 4HEURUSD - 4H TIME FRAME HELLO TRADERS Tendency , trading under bullish pressure . Currently, prices are trading above the 1.102 level. As long as the price remains above this threshold and shows signs of stabilization, it is expected to rise further, potentially reaching 1.110 and then 1.113. Should the price surpass 1.113, there could be additional gains, with the possibility of reaching as high as 1.117. Conversely, if the price falls below 1.102, it may indicate a downward trend. In this scenario, a decline to 1.099 is likely, with the potential for a further drop to 1.094 if the bearish momentum continues. UPWARD TARGET :1.110 , 1.113 , 1.117. DOWNWARD TARGET : 1.099 , 1.094.
Long
by ArinaKarayi
EURUSD / UNDER UPWARD PRESSURE - 4HEURUSD / 4H TIME FRAME HELLO TRADERS EURUSD is currently trading above the turning level of 1.099 and remains above the support trendline, indicating upward momentum. There are two potential scenarios: The First Scenario , Since the price is trading above the turning level 1.099, it suggests an initial bullish sentiment , If the price rises and reaches the resistance level at 1.107, it indicates that the upward momentum is strong. A price movement above this level suggests further bullish potential , If the price stabilizes above 1.107 and continues rising, reaching 1.110 would confirm a sustained uptrend, as the market would have shown resilience and strength above previous resistance. The Second Scenario , If the price falls below 1.099 and closes a 4-hour candle below it, this indicates a bearish shift as the price has broken through a support level , A decline to the support level at 1.094 would be a further bearish signal, For a confirmed downtrend, the price needs to break through the established channel and stabilize below it. This would indicate that the bearish trend is likely to continue, as the price has not only broken support but also failed to recover. UPWARD LEVEL : 1.107 , 1.110 . DOWNWARD LEVEL : 1.094 .
Long
by ArinaKarayi
DeGRAM | EURUSD pullback in the channelEURUSD is moving in a descending channel between trend lines. The chart maintains a downward structure. The price keeps the downward trend after reaching the upper boundary of the channel and dynamic resistance. The pair has reached the support level. We expect the decline to continue after retesting the 38.2% retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1
EURUSD: 1-Hour Set upMoving Averages: 20-period EMA (green), 50-period EMA (orange), and 200-period EMA (red) show a clearer short, mid, and long-term trend direction. The price is currently trading below the 200 EMA, which indicates that the overall trend is bearish. The price has moved above the 20 EMA and is challenging the 50 EMA, suggesting a short-term bullish reversal or retracement. RSI: The RSI is at 65.20, showing that the asset is approaching overbought territory. This indicates caution for buying positions but could also signal momentum for further upside. MACD: The MACD is showing a potential bullish momentum as the MACD line has crossed above the signal line. This suggests a possible continuation of the current bullish momentum. Resistance Zones: 1.1060: This is near the 200 EMA and could act as a strong resistance, especially considering that it aligns with previous price peaks. 1.1100–1.1120: The next key resistance area is visible, where the price previously stalled before making a sharp move down. Support Levels: 1.1020: This support aligns with the recent bounce, where the price reacted positively. If the price drops below this level, it could signal a further downside. 1.1000: A psychological round number and previous consolidation area, adding significance to this support. Buy Strategy (Pullback and Trend Continuation): Entry: Consider entering a buy trade if the price retraces towards 1.1020 (just above the recent support) and holds above the 20 EMA. Confirmation of a bullish entry could come from the MACD crossover (bullish), or a bounce from the RSI if it stays above 50. Stop Loss: Place a stop loss slightly below 1.1000 (around 1.0990) in case the price breaks down. Take Profit: First target: 1.1060 (near the 200 EMA). Second target: 1.1100–1.1120, if the price manages to break through the 200 EMA resistance. Risk Management: Since RSI is approaching overbought levels, enter cautiously and monitor the price reaction at the 1.1060 resistance zone. If the price breaks above the 200 EMA with strong momentum, hold on to the trade for a potential further move up. Sell Strategy (Trend Reversal): Entry: Enter a short position if the price fails to break through 1.1060 or stalls at the 200 EMA. This would confirm that the bearish trend is resuming after a retracement. A strong bearish candle at or near the 200 EMA can confirm the sell signal, especially if accompanied by a bearish crossover on the MACD or RSI turning lower from overbought levels. Stop Loss: Set a stop loss above 1.1100 (preferably around 1.1110) to cover any false breakout above the resistance level. Take Profit: First target: 1.1020 (short-term support). Second target: 1.1000, and potentially further down if the bearish momentum strengthens. Risk Management: The sell strategy works well in a continuation of the overall bearish trend, but always look for confirmation signals like price rejection at the 200 EMA or bearish divergence on the RSI and MACD. Buy Setup: Buy near 1.1020 with targets at 1.1060 and 1.1100, especially if price remains above the 20 and 50 EMAs. Sell Setup: Look for a short near 1.1060 or below 1.1100 with a stop above, targeting 1.1020 and potentially 1.1000.
by thepoorextrader
EURUSD Analysis : Daily/H4 Moving Averages: The 20-period EMA (green line) and 50-period EMA (orange line) are closer to the price and show short to mid-term trend directions. The 200-period EMA (red line) represents the longer-term trend. Currently, the price is above the 200 EMA, indicating a bullish long-term trend. Relative Strength Index (RSI): RSI is slightly below 50 (48.05), indicating a neutral or weakening momentum. This suggests a period of consolidation or a potential reversal. MACD: The MACD line is crossing below the signal line, hinting at a possible bearish signal. Resistance Levels: The nearest resistance zone appears to be around 1.1150, where the price was recently rejected. This level aligns with the recent peak. The next significant resistance is around 1.1250, which is a key level from past market behavior. Support Levels: Immediate support is found near 1.0950, close to where the 50-period EMA (orange line) is. A stronger support lies around 1.0850, where the 200-period EMA (red line) aligns, and where price found support previously. Buy Opportunity: If the price pulls back to the 1.0950 or 1.0850 support area and holds, it could be a good opportunity to buy, especially if confirmed by a reversal pattern (e.g., a bullish engulfing candle) and a positive crossover on the MACD. Sell Opportunity: Given the weakening momentum on the MACD and RSI below 50, a break below 1.0950 could signal a selling opportunity. In that case, targeting 1.0850 for short-term profit would make sense. Trend Following (Pullback Strategy): If the price pulls back to 1.0950 or 1.0850, wait for confirmation (e.g., a bullish candle pattern) and enter a buy trade. Set the stop loss below 1.0850 (preferably around 1.0800) in case of a false breakout. First target would be 1.1150, with the second target around 1.1250 if the uptrend continues. This strategy aligns with the long-term bullish trend indicated by the 200 EMA. MACD + EMA Strategy: Enter a short position if the price breaks below 1.0950, with MACD confirming a bearish signal (negative crossover). Set the stop loss above the 50 EMA (around 1.1000). First target would be 1.0850, with a potential extension to 1.0750 if bearish momentum increases.
by thepoorextrader
EURUSD | Long From Support ZoneFollowing a recent inner descending channel on the EURUSD we have reached a key support zone where a potential pivot could create a lower high in the overall bull trend and surge the euro back up and out of the current inner channel. With the key resistance zone lying around 1.12000 I can see price pushing to this level before either correcting back in the range or pushing above into the resistance zone and creating a higher high which would again validate the current market structure for the overall bull trend in ascending fashion. What are your thoughts?
Long
by OfficialKieranTrewick
1