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Eurusdbuy

EUR/USD Continues to Climb, Testing 7-Week HighsOn Thursday, EUR/USD remained strongly bullish and showed no signs of slowing down. The pair managed to hit fresh 7-week highs, testing the 1.0930 level. This consistent upward trend can be attributed to the persistent selling pressure on the US dollar, which resulted in the USD Index (DXY) hitting multi-week lows, falling below the 102.00 level earlier in the day. The dovish hike by the Fed during its Wednesday meeting, coupled with Chair Powell's downbeat message at his press conference following the rate hike, also contributed to the pair's upward momentum. The European Commission will release the flash EMU Consumer Confidence for the current month, which will likely have an impact on the euro's performance. In the US, weekly Claims, Chicago Fed National Activity Index, and New Home Sales are expected to be released. The EUR/USD pair's optimistic outlook remains intact, and it looks to consolidate its recent strong rebound past the 1.0900 resistance level. The pair's immediate target is the 2023 high near 1.1030. The pair's future price action will be largely dependent on the US dollar's movement and the European Central Bank's potential next moves, considering the current context dominated by elevated inflation, although amidst dwindling recession risks for the time being.
Long
by FOREXN1
24
EURUSD ROAD TO 1.16 AND BEYOND!The EURUSD IS LOOKING PROMISING! Many positive economic data and a recovery in its economy has been surrounding the EURUSD lately. As US has attempted to drag the EURUSD down with its rapid increase in interest rates the EURUSD has had a strong recovery as well. On september the EURUSD was at a price of $0.99 for the first time since 2002! IT WAS A NO BRAINER BUY IF YOU SAW IT AT THOSE PRICES!!! Here are other factors that are influencing on its rise: Strong economic data: The Eurozone has recently seen positive economic data. This suggests that the Eurozone economy is recovering from the previous economic attack, which may support the value of the euro. Interest rate differentials: The European Central Bank (ECB) has kept interest rates low, while the US Federal Reserve has been alarmingly increasing interest rates. This could make the euro relatively more attractive compared to the US dollar, as investors seek higher returns on their investments. Weakness in the US dollar: The US dollar has weakened against other major currencies recently, in part due to concerns about rising inflation and the potential for the Federal Reserve to raise interest rates more. This has made the euro relatively more valuable in comparison. Have a nice day!
Long
by CryptoGao1
EURUSD BUYHello Traders, trust you are having a wonderful Weekend, so this coming Week we would focus More on EURUSD on A buy moves for about 113 pips, Eurusd Would been expected to sell massive soon so let’s keep our eyes on this 113 pips buys at the moment so Currently price left our 1hr Support Zone we are expecting price to go back to our 1hr Resistance zone which would be tested for the third time now which is our Tp zone if after our Tp hit price area on Resistance zone and fail to break then I would drop the Sell Signals. So let’s wait patiently for price to tap in on our buy zone, as you can see on my Trend line if you noticed you would see price creating highs And lows which is also a good sign so let’s wait for the next lows to be tested so we can buy.
Long
by GoCrazyfx0
EURUSD: Buy at low levels On the 30-minute chart, we can see that the recent lows have been steadily rising, indicating an upward bias in the trend. On the 1-hour chart, the current market is near support (which was previously a resistance level, but was broken through yesterday and has now become a support level). As long as there is no significant break below this level, buying at these low levels is possible. The target reference point is the previous high, with a potential break above targeting around 1.08. Support below is at 1.065-1.063.
Long
by triumphing
4
EURUSD BUYHello guys it’s been a been a while, I’m currently back on dropping analysis, so we are looking on buying eurusd on 148 pips moves, though EURUSD is actually a long Buy moves of about 200 pips plus but we are looking to take profits on 148 pips. So let’s patiently wait for a proper confirmation and for price to tap into our buy zone then wait for candle stick patterns or candle stick rejection on that buy level before taking our buy entries. Please save EURUSD on your watchlist for you can get notify when trading confirmation takes place. Drop a Comment on what you think about this analysis.
Long
by GoCrazyfx0
EUR/USD : watch here next weekThe daily chart of the currency pair is consolidating and rebounding near the previous low of 1.0535, but it is still below the downward trending MA20, so caution should be taken for further upside potential. The 4-hour chart shows that after two consecutive days of consolidation following a sharp decline, the momentum is limited. On the hourly chart, there is intense competition between bulls and bears, with a rebounding momentum that remains strong, but the stochastic indicator shows a bearish divergence, with initial resistance at 1.0600. It is suggested to focus on the performance of the resistance level at 1.0625 to determine the further direction within the day. Support levels: 1.0580, 1.0540, 1.0500. Resistance levels: 1.0625, 1.0690, 1.0740.
Long
by Navigation-h
EUR/USD The next target may hit hereEUR/USD Outlook: Reversal of Bearish Trend with Potential for Upside to this Level Market focus is on the European Central Bank (ECB) interest rate decision on Thursday, March 16, with an expectation for a 50 basis point increase. Additionally, Tuesday, March 14, will see the release of the US CPI for February, which will be closely watched. Technically, EUR/USD is inclined towards a bullish trend in the short term. EUR/USD Fundamental Outlook: Focus on US CPI on Tuesday Given the persistently high inflation in the Eurozone, which remains well above the ECB's 2% target level and the continued rise in core inflation, the market generally expects the ECB to raise interest rates by 50 basis points in March. ECB President Lagarde has previously stated that all recent data confirms that a 50 basis point rate hike is highly probable. The ECB has also emphasized that it will not make any pre-commitments regarding interest rates, and future rate hikes will depend on specific data. Furthermore, it is worth noting that there is increasing disagreement within the ECB, with hawkish officials calling for four consecutive 50 basis point rate hikes, while other dovish officials suggest that the lag effect of interest rate increases should be considered and that action cannot be based solely on data. After the interest rate decision on Thursday, March 16, the ECB press conference will be the focus of market attention. In addition to the ECB interest rate decision, the US CPI for February, which will be released on Tuesday, March 14, will be another key driver for EUR/USD. The market generally expects the US CPI to have an annual rate of 6.00% in February, lower than the previous value of 6.40%; the core inflation rate is also expected to continue to fall slightly to 5.50%, slightly lower than the previous value of 5.60%. The latest US nonfarm payrolls report showed a significant increase in employment in February, exceeding expectations, but wage growth slowed, and the unemployment rate rose from 3.4% to 3.6%. The Federal Reserve is closely monitoring changes in economic data, and if inflation data continues to decline, it will further support the Fed's decision to raise interest rates by only 25 basis points in March. EUR/USD Daily Trend Chart: Bullish On the daily chart, as of now, EUR/USD has rebounded significantly, largely reversing the downward trend of the currency pair since early February and is inclined towards a bullish trend in the short term. The immediate resistance may be at the high point of February 14 (1.0804) and the low point of January 31 (1.0802). The market sentiment is currently heavily bullish, and there will be no significant correction for the time being. Last week's recommendation to buy on the rise resulted in a significant increase, and it is advisable to continue holding and looking for further upside potential. Market changes are fast-paced, and it is essential to keep track of developments to avoid unnecessary losses.
Long
by Navigation-h
1
Trend: Continuing to be bullishPushed lower by Powell's hawkish comments on Tuesday, the euro/dollar pair experienced a significant decline, but then found support near the February low and began to rebound moderately. If the price continues to recover, the initial resistance will be around 1.0690. Further strength will shift market focus to the psychological level of 1.0800. Conversely, if the bears return and upward pressure subsides, the initial technical bottom will be near 1.0530. If this area is breached, the pair may drop further towards the area of 1.0485-1.0460, which is a convergence of the January low, the medium-term uptrend line, and the 38.2% Fibonacci retracement level of the rebound from September 2022 to February 2023.
Long
by Navigation-h
1
EURUSD: Buy at low levels today This is the 30-minute chart of EURUSD, where I've marked the resistance zone and strong resistance level, as well as the entry points. The overall trend today is bullish, with the first step being to see if the resistance zone can be broken. If it can, we'll look to the strong resistance level for our next target. If it can't be broken, we can enter a short position after taking profits on our long position, with the profit target near 1.053-1.045. Today is Thursday, and I don't expect the market to have too much volatility, especially since there will be a highly influential non-farm payroll report tomorrow. The market should maintain minor fluctuations as it awaits the release of this data. Of course, we can't rule out the possibility of the market moving in anticipation. If the non-USD market surges ahead of the report and the data is unfavorable for the USD, the non-USD market will probably continue to rise, but the amplitude won't be too large. Conversely, if the USD is bearish and the non-USD market surges ahead of the report, it will likely experience a significant drop after the data is released. I'll provide a more detailed analysis based on the market trends before the release of tomorrow's data. Today's trading should focus on buying at low levels. Thank you for your attention and support. I'll continue to share more interesting trading strategies, and if you have any questions, please leave a message and I'll provide you with the most reliable solution to help you solve your problems! Wishing you a wonderful day!
Long
by triumphing
2
EURUSD: The long power of the exchange rate is gatheringAs mentioned in our article yesterday, as long as EUR/USD remains above 1.056, the bearish momentum is still limited, and once EUR/USD stabilizes above this position, the euro may point to 1.0650/60.The current exchange rate is 1.06482, which is fully in line with my expectations yesterday. On the fundamental side, more hawkish remarks made by several members of the European Central Bank (ECB) support the euro and support the reasons for increasing huge interest rate increases in the coming months; in addition, the generally positive tone around the stock market is considered to put pressure on the safe-haven dollar and provide additional support for EUR/USD. On the technical side, the continued strength of the pair and its foothold above the convergence resistance level of 1.0645-1.0650 are conducive to the rise of the market.In addition, the oscillators of the daily chart have just begun to move in the positive area and support the prospect of additional gains.However, any further increase may face some resistance in the 38.2% Fibonacci retracement area of about 1.0725, followed by the 50% Fibonacci retracement area of about 1.0785 and the 1.0800 integer mark.Some follow-up buying will negate any recent negative tendencies and will continue to push up EUR/USD. On the 4-hour chart, the exchange rate is currently falling under the suppression of the short-term moving average, and the short-term technical indicators are biased towards the air. However, in the short-term, I think this is a technical correction to the previous increase. It is conducive to the market to consolidate the bottom while accumulating kinetic energy, which is more conducive to the small-level market to rise, and below at the position of 1.0635 is the intersection of the middle Bollinger band and the 30-day moving average support, which has relatively strong support for the short-term market. Taken together, today's EUR/USD short-term operation thinking can go long at 1.0635. FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD PEPPERSTONE:EURUSD CAPITALCOM:EURUSD
Long
by Blessed_V