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currency trading strategy - EURUSD has an uptrendTheU.S. dollar index DXY last stood at 106.20, having peaked at a 10-month high of 106.26 in the previous session, while the euro EURUSD languished near Tuesday's six-month low and last bought $1.0569. "The U.S. dollar is stickier to the upside than the downside," said Tina Teng, market analyst at CMC Markets. "It's (been) a shock for markets since last week because the Federal Reserve's rhetoric was more hawkish than expected ... I think it's more likely they will hike rates for one more time."
Long
by FalCol_TradingMaster
1
EUR/USD: LIKELY TO BOUNCE BACK.Hello traders, Here's another update on EUR/USD in a 3-hour timeframe. After a continuous drop in the EUR/USD, it has finally reached close to the previous support level ($1.052). This area is going to be crucial for the EUR/USD to decide where it will head next. As far as I am concerned, the EUR/USD must bounce back soon. The invalidation point will be a close below $1.052. What's your idea on this chart? Let me know in the comments. Regards, Team Dexter.
Long
by Dexter_The_Trader
3
#EURUSD COUNTER TREND BUY# EURO BULLS REDYEuro bulls, opportunity for a euro long has arisen! Recently euro is being battered by its counterpart dollar for several reasons: - Regional interest rate differentials, hawkish fed and dovish ecb - Macroeconomical disparity between the to regions - Worsening growth outlook for euro bulls - Technical downtrend for many, many weeks This counter-trend trade is a outlier, supported by a global technical price level and some fundamentals - euro area decent is stabilizing. I am looking forward to buy euro at around 1.600 area and sell it around 1.650. Thread carefully since higher timeframe trends are downwards, use proper risk management!
Long
by eediiz
ECB's Next Move in Inflation Fight: Managing Excess Liquidity Frankfurt, Reuters - In the ongoing fight against inflation, European Central Bank (ECB) policymakers are gearing up for a significant shift in strategy. They are set to deliberate on ways to address the vast pool of excess liquidity inundating banks, with the possibility of raising reserve requirements emerging as the initial tactic. This pivotal discussion is expected to kick off at the ECB's forthcoming meeting in Athens on October 26 or during an autumn retreat for policymakers. Despite the ECB having already raised interest rates ten times to record levels, inflation still stubbornly hovers above its 2% target. With interest rates likely to remain unchanged until December, policymakers are pivoting their attention to the massive infusion of funds into the banking system through a decade of bond purchases. This surplus liquidity undermines the effectiveness of rate hikes, reduces competition for deposits, and leads to substantial interest payments and potential losses for some central banks. Sources indicate that the debate on curbing excess liquidity will focus on three key areas: revising the mandatory reserves banks maintain at the ECB, unwinding the bond-buying programs, and establishing a new framework for influencing short-term interest rates. While an ECB spokesperson declined to comment, insiders suggest that several policymakers favor increasing the reserve requirement from the current 1% of customer deposits to potentially as high as 3% or 4%. This move would serve the dual purpose of absorbing excess cash from the banking system and reducing interest payouts by the ECB and the eurozone's national central banks. However, some policymakers advocate bundling the decision on reserves with discussions regarding the ECB's asset purchase schemes and interest-rate framework, which could lengthen the decision-making process. Shrinking the 4.8 trillion euro debt pile acquired by the ECB since 2015, mainly to counter deflation risks, poses even greater challenges and market sensitivities. While phasing out the ECB's Pandemic Emergency Purchase Programme (PEPP) by not replacing maturing bonds is an option, policymakers are cautious about upsetting financial markets, particularly Italian government bond investors. ECB President Christine Lagarde recently indicated that bond-buying schemes were not on the table at the latest policy meeting, emphasizing the importance of PEPP for policy transmission. While there have been suggestions to sell bonds acquired under the older Asset Purchase Programme, some argue this would result in even larger losses for the ECB. Sources suggest that a decision on bond-buying schemes might not materialize this year and, if it does, may not take effect until early 2024 or later in the spring. Furthermore, debates surrounding the policy framework—whether the ECB should continue to set an interbank rate floor or revert to a corridor system—are expected to extend into 2024, as the volume of excess reserves in banks keeps the ECB effectively locked into a floor system. A study presented at the ECB's summer symposium in Sintra suggested that, now that monetary stimulus is no longer necessary, the ECB could reduce bank liquidity to a range of 521 billion euros to 1.4 trillion euros while still meeting banks' reserve needs." This revised text provides a more engaging and concise summary of the original content, making it more attractive to readers.
by Ayame_Hana
53
"EURUSD Set to Rise: Support Holds Strong"#EURUSD expected to rise in the coming days the price is clearly reached the support which was around 1.06330, afterwards we can see that the market found a momentum and pushed up and considering the weak ascending broadening wedge pattern in 30M TF it looks week to push it back down. The price is expected to rise towards the trending line (@1.07614-1.08260) 🔥EURUSD BUY ( 1.06900 - 1.06500) 🟢TP1- 1.07200 🟢TP2- 1.07500 🟢TP3- 1.08000 🔴SL- 1.06180
Long
by FKW-Millions
EURUSD Long Term Buy Trading IdeaHello Traders In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
EUR/USD Weekly Demand ZoneFollowing the previous analysis, the Euro has activated Sell Short positions by reacting to the specified QM level and then decreased to the weekly demand area. Now, considering the engulfing of the Major SR line and the formation of the FTR area, there is a possibility of a trading range between this area and the weekly demand area. Due to the price being placed on the weekly support, if you see a valid setup, you can enter mid-term long positions. 📌 Note that the EUR/USD has broken its upward trend line in daily time frame, and if the price stabilizes below this trend line, we can witness its decline.
by TraderAceAcademy
EURUSD Long Term Trading Idea Hello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
EUR/USD Finds Support Near 1.0850 Amidst Rate Hike UncertaintyEUR/USD Finds Support Near 1.0850 Amidst Rate Hike Uncertainty Introduction: The EUR/USD currency pair experienced a sharp decline on Thursday but managed to find support and stabilize near 1.0850 early on Friday. As the trading day progresses, attention is turning to whether the pair can reclaim the 1.0900 level, which could potentially set the tone for a higher stretch ahead of the weekend. Rate Hike Uncertainty in the Eurozone: Investors have begun to exhibit caution when it comes to pricing in another rate hike by the European Central Bank (ECB) in September. This shift in sentiment weighed on the Euro's appeal on Thursday, contributing to its decline. US Economic Data Impact: In the United States, economic data played a pivotal role in influencing the EUR/USD pair. The Personal Consumption Expenditures (PCE) Price Index in the US largely matched market estimates, alleviating concerns about inflationary pressures. Furthermore, weekly Initial Jobless Claims saw a decline to 223,000 from 232,000, adding to the positive sentiment. Federal Reserve's Impact: Despite the data releases, the probability of the Federal Reserve (Fed) keeping its policy rate unchanged held steady at around 50%. Surprisingly, the US Dollar strengthened, affecting the EUR/USD pair. This unexpected dollar rally could be attributed to profit-taking on the final trading day of August, as US T-bond yields remained relatively stable. The NFP Factor: One of the key events on the horizon is the release of Nonfarm Payrolls (NFP) data in the US. Analysts forecast a rise of 170,000 jobs in August, following a less-than-expected increase of 187,000 in July. If the NFP data comes in at or below 150,000, falling short of market consensus for the third consecutive month, the USD might face renewed selling pressure, potentially allowing EUR/USD to regain momentum. On the other hand, a positive surprise, with an NFP print above 200,000, could boost the US Dollar and keep EUR/USD under bearish pressure as the weekend approaches. Focus on NFP and Minimal Impact of ISM Manufacturing PMI: While the US economic calendar also includes the ISM Manufacturing PMI report later in the day, market participants are unlikely to make significant trading decisions based on this data release, given the significance of the NFP report. The jobs data is expected to overshadow any impact the PMI reading might have on currency movements. Conclusion : EUR/USD has found support near 1.0850 as uncertainty regarding rate hikes in the Eurozone lingers. The pair's near-term direction will depend heavily on the outcome of the Nonfarm Payrolls report, with a weaker NFP potentially pushing the pair higher and a stronger NFP keeping it under pressure. Traders and investors will closely monitor these developments as they navigate the currency market ahead of the weekend. Above 1.0800 look for further upside with 1.0870 & 1.0900 as targets.
Long
by FOREXN1
20
Buy Zone Alert: 3 Key Levels Converge for Buying OpportunityContinuing from my previous idea shared last month (refer to the related post below), the market has played out exactly as anticipated. The sell-off occurred as expected, taking place at the Monthly 0.618% Fibonacci level. The Monthly candle closed back below the crucial 1.10 resistance level, ultimately confirming that the breakout was indeed a fake one on the Monthly charts. So, what's the next step ? At present, the market is on a gradual descent towards the 1.07 level. This trend becomes evident when you observe the momentum of price action, gauged by the size of the candles, on the lower timeframes. For a visual representation, you can check out the daily chart image below Anticipating the movement around the 1.07 mark, it's reasonable to expect a buying response due to a convergence of factors in this area. First the newly established weekly BUY/DEMAND level holds substantial weight. This very level kickstarted the upward move that led to the 0.618% Monthly Fibonacci level. The speed at which price is retracing back to this levels signifies a notable zone of interest for potential buyers. The next factor is the weekly trend line located around 1.072 marked on the chart, you will also notice price has been moving up in a ascending channel hitting the trendline then popping a new high could this happen again?? A third influential factor around this area is the Monthly support level, situated around 1.064. This level had held its ground as a pivotal support for several years, only succumbing to a breach in the past year. Considering these converging factors, my attention will be directed towards identifying buy signals on my TRFX indicator across the 4-hour to daily charts. I intend to initiate a position as price dips below 1.075, anticipating the likelihood of a more pronounced descent towards 1.06 before eliciting a response. Initially, the target for this strategy is set at the 1.10 resistance level. Subsequently, the course of action will be determined by the prevailing price movement at this juncture. A decisive breach and a MONTHLY CLOSE above 1.10 would suggest an upward trajectory towards 1.15. However, if 1.10 proves to be a resilient barrier once again, the possibility of a downward move towards parity cannot be dismissed. To grasp the background of the sell concept from the prior month, I encourage you to refer to my linked post.
Long
by TheFxAce
29